Cim Income Nav 10-K 30 Mar 20 2019 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Mar. 16, 2020	Jun. 28, 2019
Document Information [Line Items]
Document Type	10-K
Document Period End Date	Dec. 31, 2019
Entity Registrant Name	CIM INCOME NAV, INC.
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Public Float			$ 598.4
Entity Shell Company	false
Entity Central Index Key	0001498542
Amendment Flag	false
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	FY
Current Fiscal Year End Date	--12-31
D Shares Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		17,300,000
T Shares Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		14,500,000
S Shares Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		7,100
I Shares Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		1,000,000

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Real estate assets:
Land	$ 145,373	$ 146,675
Buildings and improvements	656,208	652,294
Intangible lease assets	112,718	127,209
Total real estate assets, at cost	914,299	926,178
Less: accumulated depreciation and amortization	(80,938)	(64,755)
Total real estate assets, net	833,361	861,423
Investment in marketable securities	15,002	5,466
Total real estate assets and marketable securities, net	848,363	866,889
Cash and cash equivalents	5,111	3,644
Restricted cash	607	806
Rents and tenant receivables	13,599	9,964
Prepaid expenses, interest receivable and other assets	777	3,404
Deferred costs, net	672	1,038
Due from affiliates	8	112
Total assets	869,137	885,857
LIABILITIES AND EQUITY
Credit facility and notes payable, net	348,939	354,254
Accrued expenses and accounts payable	3,444	3,812
Escrowed stockholder proceeds	50	0
Due to affiliates	16,567	15,585
Intangible lease liabilities, net	13,618	15,506
Distributions payable	2,814	2,719
Derivative liabilities, deferred rental income and other liabilities	7,676	4,989
Total liabilities	393,108	396,865
Commitments and contingencies
Redeemable common stock	59,263	58,902
STOCKHOLDERS’ EQUITY:
Preferred stock, $0.01 par value; 10,000,000 shares authorized, none issued and outstanding	0	0
Capital in excess of par value	507,913	497,581
Accumulated distributions in excess of earnings	(87,513)	(69,151)
Accumulated other comprehensive (loss) income	(4,710)	565
Total stockholders’ equity	416,027	429,324
Non-controlling interests	739	766
Total equity	416,766	430,090
Total liabilities, redeemable common stock, and equity	869,137	885,857
D Shares Common Stock
STOCKHOLDERS’ EQUITY:
Common stock, value	181	189
T Shares Common Stock
STOCKHOLDERS’ EQUITY:
Common stock, value	145	128
S Shares Common Stock
STOCKHOLDERS’ EQUITY:
Common stock, value	0	0
I Shares Common Stock
STOCKHOLDERS’ EQUITY:
Common stock, value	$ 11	$ 12

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2019	Dec. 31, 2018
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	10,000,000	10,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01
Common stock, shares authorized (in shares)	490,000,000
Common stock, shares outstanding (in shares)	46,800,000
D Shares Common Stock
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	122,500,000	122,500,000
Common stock, shares issued (in shares)	18,143,147	18,942,529
Common stock, shares outstanding (in shares)	18,143,147	18,942,529
T Shares Common Stock
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	122,500,000	122,500,000
Common stock, shares issued (in shares)	14,499,636	12,777,322
Common stock, shares outstanding (in shares)	14,499,636	12,777,322
S Shares Common Stock
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	122,500,000	122,500,000
Common stock, shares issued (in shares)	7,031	0
Common stock, shares outstanding (in shares)	7,031	0
I Shares Common Stock
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	122,500,000	122,500,000
Common stock, shares issued (in shares)	1,097,896	1,159,730
Common stock, shares outstanding (in shares)	1,097,896	1,159,730

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Revenues:
Rental and other property income	$ 77,606
Rental and other property income		$ 70,778	$ 48,025
Interest income on marketable securities	206	134	121
Total revenues	77,812	70,912	48,146
Operating expenses:
General and administrative	7,021	7,096	6,563
Property operating	5,231	2,798	1,740
Real estate tax	5,238	5,076	3,358
Advisory fees and expenses	7,902	5,858	4,910
Transaction-related	1,233	1,774	2,174
Depreciation and amortization	29,182	27,361	18,536
Impairment	3,090	2,267	227
Total operating expenses	58,897	52,230	37,508
Gain on disposition of real estate, net	10,213	1,019	0
Operating income	29,128	19,701	10,638
Other expense:
Interest expense and other, net	(14,337)	(14,506)	(10,291)
Net income	14,791	5,195	347
Net income allocated to noncontrolling interest	41	37	35
Net income attributable to the Company	14,750	5,158	312
Net income attributable to the Company	14,750	5,158	312
D Shares Common Stock
Other expense:
Net income attributable to the Company	8,304	3,165	242
Net income attributable to the Company	$ 8,304	$ 3,165	$ 242
Basic and diluted weighted average number of common shares outstanding (shares)	18,763,418	17,606,217	14,374,833
Basic and diluted net income per common share (in dollars per share)	$ 0.44	$ 0.18	$ 0.02
T Shares Common Stock
Other expense:
Net income attributable to the Company	$ 5,933	$ 1,794	$ 45
Net income attributable to the Company	$ 5,933	$ 1,794	$ 45
Basic and diluted weighted average number of common shares outstanding (shares)	13,983,267	10,769,145	6,590,846
Basic and diluted net income per common share (in dollars per share)	$ 0.42	$ 0.17	$ 0.01
S Shares Common Stock
Other expense:
Net income attributable to the Company	$ 1	$ 0	$ 0
Net income attributable to the Company	$ 1	$ 0	$ 0
Basic and diluted weighted average number of common shares outstanding (shares)	1,444	0	0
Basic and diluted net income per common share (in dollars per share)	$ 0.84	$ 0	$ 0
I Shares Common Stock
Other expense:
Net income attributable to the Company	$ 512	$ 199	$ 25
Net income attributable to the Company	$ 512	$ 199	$ 25
Basic and diluted weighted average number of common shares outstanding (shares)	1,122,442	1,040,969	936,555
Basic and diluted net income per common share (in dollars per share)	$ 0.46	$ 0.19	$ 0.03

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Statement of Comprehensive Income [Abstract]
Net income	$ 14,791	$ 5,195	$ 347
Other comprehensive (loss) income:
Unrealized holding gain (loss) on marketable securities	252	(88)	27
Reclassification adjustment for realized loss (gain) included in income as other expense	13	3	(5)
Unrealized (loss) gain on interest rate swaps	(5,373)	(750)
Unrealized (loss) gain on interest rate swaps			1,344
Amount of (gain) loss reclassified from other comprehensive (loss) income into income as interest expense and other, net	(167)	(294)
Amount of (gain) loss reclassified from other comprehensive (loss) income into income as interest expense and other, net			663
Total other comprehensive (loss) income	(5,275)	(1,129)	2,029
Comprehensive income	9,516	4,066	2,376
Comprehensive income allocated to noncontrolling interest	41	37	35
Comprehensive income attributable to the Company	$ 9,475	$ 4,029	$ 2,341

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($) $ in Thousands	Total	Common Stock	Capital in Excess of Par Value	Accumulated Distributions in Excess of Earnings	Accumulated Other Comprehensive Income (Loss)	Total Stockholders’ Equity	Non- Controlling Interests
Balance, shares (in shares) at Dec. 31, 2016		17,699,238
Balance at Dec. 31, 2016	$ 236,010	$ 178	$ 259,817	$ (24,399)	$ (372)	$ 235,224	$ 786
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock (in shares)		10,332,150
Issuance of common stock	189,596	$ 102	189,494			189,596
Conversion of shares (in shares)		(423)
Distributions declared on common stock	(21,419)			(21,419)		(21,419)
Commissions, dealer manager and ongoing stockholder servicing fees	(12,424)		(12,424)			(12,424)
Other offering costs	(1,400)		(1,400)			(1,400)
Redemptions of common stock (in shares)		(2,335,408)
Redemptions of common stock	(42,296)	$ (23)	(42,273)			(42,296)
Changes in redeemable common stock	(14,948)		(14,948)			(14,948)
Distributions to non-controlling interests	(49)						(49)
Comprehensive income	2,376			312	2,029	2,341	35
Balance, shares (in shares) at Dec. 31, 2017		25,695,557
Balance at Dec. 31, 2017	335,446	$ 257	378,266	(45,506)	1,657	334,674	772
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock (in shares)		9,831,064
Issuance of common stock	181,382	$ 98	181,284			181,382
Conversion of shares (in shares)		(108)
Distributions declared on common stock	(28,766)			(28,766)		(28,766)
Commissions, dealer manager and ongoing stockholder servicing fees	(561)		(561)			(561)
Other offering costs	(1,339)		(1,339)			(1,339)
Redemptions of common stock (in shares)		(2,654,144)
Redemptions of common stock	(48,250)	$ (26)	(48,224)			(48,250)
Equity-based compensation (in shares)		7,212
Equity-based compensation	33	$ 0
Changes in redeemable common stock	(11,878)		(11,878)			(11,878)
Distributions to non-controlling interests	(43)						(43)
Comprehensive income	4,066			5,158	(1,129)	4,029	37
Balance, shares (in shares) at Dec. 31, 2018		32,879,581
Balance at Dec. 31, 2018	$ 430,090	$ 329	497,581	(69,151)	565	429,324	766
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock (in shares)	6,300,000	6,258,770
Issuance of common stock	$ 112,143	$ 63	112,080			112,143
Distributions declared on common stock	(33,112)			(33,112)		(33,112)
Commissions, dealer manager and ongoing stockholder servicing fees	(5,355)		(5,355)			(5,355)
Other offering costs	(830)		(830)			(830)
Redemptions of common stock (in shares)		(5,398,065)
Redemptions of common stock	(95,388)	$ (55)	(95,333)			(95,388)
Equity-based compensation (in shares)		7,424
Equity-based compensation	131	$ 0	131			131
Changes in redeemable common stock	(361)		(361)			(361)
Distributions to non-controlling interests	(68)						(68)
Comprehensive income	$ 9,516			14,750	(5,275)	9,475	41
Balance, shares (in shares) at Dec. 31, 2019	46,800,000	33,747,710
Balance at Dec. 31, 2019	$ 416,766	$ 337	$ 507,913	$ (87,513)	$ (4,710)	$ 416,027	$ 739

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Distributions declared on common stock		$ 0.98	$ 0.98
D Shares Common Stock
Distributions declared on common stock	$ 0.98
T Shares Common Stock
Distributions declared on common stock	0.98
I Shares Common Stock
Distributions declared on common stock	0.98
S Shares Common Stock
Distributions declared on common stock	$ 0.22

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Cash flows from operating activities:
Net income	$ 14,791	$ 5,195	$ 347
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization, net	28,801	26,855	18,117
Straight-line rental income, net	(3,613)	(3,070)	(1,860)
Amortization of deferred financing costs	1,084	1,086	1,813
Amortization on marketable securities	17	9	13
Equity-based compensation	131	33	0
Loss (gain) on sale of marketable securities	13	3	(5)
Gain on disposition of real estate assets, net	(10,213)	(1,019)	0
Impairment of real estate assets	3,090	2,267	227
Ineffectiveness of interest rate swaps			(37)
Write-off of deferred financing costs	0	130	97
Changes in assets and liabilities:
Rents and tenant receivables	(860)	312	(1,311)
Prepaid expenses and other assets	(693)	(35)	(267)
Accrued expenses and accounts payable	(359)	592	413
Deferred rental income and other liabilities	(31)	877	842
Due from affiliates	104	(12)	(100)
Due to affiliates	284	(387)	1,022
Net cash provided by operating activities	32,546	32,836	19,311
Cash flows from investing activities:
Investment in real estate assets and capital expenditures	(82,746)	(254,949)	(253,928)
Investment in marketable securities	(10,112)	(1,269)	(1,513)
Proceeds from sale and maturities of marketable securities	811	1,202	1,594
Net proceeds from disposition of real estate assets	88,080	47,660	0
Payment of property escrow deposits	(1,700)	(5,240)	(5,140)
Refund of property escrow deposits	1,700	5,740	5,050
Proceeds from the settlement of insurance claims	498	0	0
Net cash used in investing activities	(3,469)	(206,856)	(253,937)
Cash flows from financing activities:
Proceeds from issuance of common stock	95,942	167,608	179,307
Offering costs on issuance of common stock	(5,487)	(7,908)	(7,652)
Redemptions of common stock	(95,388)	(48,250)	(42,296)
Distributions to stockholders	(16,816)	(14,399)	(10,448)
Proceeds from credit facility and notes payable	63,000	206,000	308,065
Repayments of credit facility and notes payable	(69,000)	(127,275)	(191,000)
Payment of loan deposits	0	0	(85)
Refund of loan deposits	0	0	85
Deferred financing costs paid	(42)	(187)	(3,573)
Distributions to noncontrolling interests	(68)	(43)	(49)
Change in escrowed stockholder proceeds liability	50	0	(75)
Net cash (used in) provided by financing activities	(27,809)	175,546	232,279
Net increase (decrease) in cash and cash equivalents and restricted cash	1,268	1,526	(2,347)
Cash and cash equivalents and restricted cash, beginning of period	4,450	2,924	5,271
Cash and cash equivalents and restricted cash, end of period	5,718	4,450	2,924
Reconciliation of cash and cash equivalents and restricted cash to the consolidated balance sheets:
Cash and cash equivalents and restricted cash, end of period	$ 5,718	$ 4,450	$ 2,924

ORGANIZATION AND BUSINESS

ORGANIZATION AND BUSINESS	12 Months Ended
	Dec. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION AND BUSINESS	ORGANIZATION AND BUSINESS CIM Income NAV, Inc. (the “Company”) is a daily priced perpetual life non-exchange traded real estate investment trust (“REIT”) formed as a Maryland corporation on July 27, 2010, that qualified as a REIT for U.S. federal income tax purposes beginning with its taxable year ended December 31, 2012. Substantially all of the Company’s business is conducted through CIM Income NAV Operating Partnership, LP, a Delaware limited partnership (“CIM Income NAV OP”), of which the Company is the sole general partner, and owns, directly or indirectly, 100% of the partnership interests. The Company is externally managed by CIM Income NAV Management, LLC, a Delaware limited liability company (“CIM Income NAV Management”), which is an affiliate of CIM Group, LLC (“CIM”). CIM is a community-focused real estate and infrastructure owner, operator, developer and lender with multi-disciplinary expertise, including acquisitions, management, development, leasing, research and capital markets. CIM is headquartered in Los Angeles, California and has offices in Oakland, California; Bethesda, Maryland; Dallas, Texas; New York, New York; Chicago, Illinois; and Phoenix, Arizona. CCO Group, LLC owns and controls CIM Income NAV Management, the Company’s advisor, and is the indirect owner of CCO Capital, LLC (“CCO Capital”), the Company’s dealer manager, and CREI Advisors, LLC (“CREI Advisors”), the Company’s property manager. CCO Group, LLC and its subsidiaries (collectively, “CCO Group”) serve as the Company’s sponsor and as a sponsor to CIM Real Estate Finance Trust, Inc. (formerly known as Cole Credit Property Trust IV, Inc.) (“CMFT”), Cole Credit Property Trust V, Inc. (“CCPT V”), Cole Office & Industrial REIT (CCIT II), Inc. (“CCIT II”) and Cole Office & Industrial REIT (CCIT III), Inc. (“CCIT III”). On December 6, 2011, the Company commenced its initial public offering on a “best efforts” basis of $4.0 billion in shares of common stock. On August 26, 2013, the Company designated the existing shares of the Company’s common stock that were sold prior to such date to be Wrap Class shares (“W Shares”) of common stock and registered two new classes of the Company’s common stock, Advisor Class shares (“A Shares”) and Institutional Class shares (“I Shares”). On February 10, 2017, the Company filed a registration statement (the “Continuing Offering Registration Statement”), pursuant to which the Company is offering up to $4.0 billion in shares of common stock (the “Offering”), consisting of $3.5 billion in shares in the Company’s primary offering (the “Primary Offering”) and $500.0 million in shares pursuant to a distribution reinvestment plan (the “DRIP”). On November 27, 2018, the Company amended its charter to, among other things, change the name and designation of its W Shares to Class D Common Stock (the “D Shares”), and its A Shares to Class T Common Stock (the “T Shares”), respectively, and reclassified a portion of its common stock as Class S Common Stock (the “S Shares”), to be offered alongside its D Shares, T Shares and I Shares in its continuous public offering (the “Share Modifications”). The Company is offering to sell any combination of D Shares, T Shares, S Shares and I Shares with a dollar value up to the maximum offering amount. In connection with the Share Modifications, when the Company refers to its share classes in this Annual Report on Form 10-K with respect to dates prior to November 27, 2018 (the “Restructure Date”), the Company is referring to its shares under its prior share structure, and when the Company refers to its share classes in this Annual Report on Form 10-K with respect to dates on or after November 27, 2018, the Company is referring to its shares under its new share structure. See Note 11 — Related-Party Transactions and Agreements to the Company’s consolidated financial statements for detailed information regarding the advisory and dealer manager amendments related to its Share Modifications. As of December 31, 2019 , the Company had issued approximately 46.8 million shares of comm on stock in the Offering, including 2.9 million in shares issued in the DRIP, for gross offering proceeds of $844.1 million before $23.1 million in upfront selling commissions, dealer manager fees and the current portion of stockholder servicing fees and $6.3 million in o rganization and offering costs. The per share purchase price for each class of common stock varies from day-to-day and, on each business day, is equal to, for each class of common stock, the Company’s net asset value (“NAV”) for such class, divided by the number of shares of that class outstanding as of the close of business on such day, plus, for D Shares, T Shares and S Shares sold in the Primary Offering, applicable upfront selling commissions and dealer manager fees. The Company’s NAV per share is calculated daily as of the close of business by an independent fund accountant using a process that reflects (1) estimated values of each of the Company’s commercial real estate assets, related liabilities and notes receivable secured by real estate provided periodically by the Company’s independent valuation expert in individual appraisal reports, (2) daily updates in the price of liquid assets for which third party market quotes are available, (3) accruals of daily distributions, and (4) estimates of daily accruals, on a net basis, of operating revenues, expenses, debt service costs and fees. As of December 31, 2019 , the NAV per share for D Shares, T Shares, S Shares and I Shares was $17.71 , $17.33 , $17.34 and $17.98 , respectively. The Company’s NAV is not audited or reviewed by its independent registered public accounting firm. The Company has used substantially all of th e net proceeds from the Offering to acquire and operate a diversified portfolio primarily consisting of necessity retail, office and industrial properties that are leased to creditworthy tenants under long-term net leases, and are strategically located throughout the United States. As of December 31, 2019 , the Company owned 128 commercial properties, including properties owned through a consolidated joint venture arrangement (the “Consolidated Joint Venture”), comprised of 5.4 million rentable square feet of commercial space located in 34 states, and which was 98.6% leased, including month-to-month agreements, if any. As a perpetual-life, non-exchange traded REIT, the Co mpany will be selling shares of common stock on a continuous basis and for an indefinite period of time, subject to ongoing regulatory approval of the Company’s filings for additional offerings. The Company will endeavor to take all reasonable actions to avoid interruptions in the continuous offering of shares of common stock. The Company reserves the right to terminate the Offering at any time.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The summary of significant accounting policies presented below is designed to assist in understanding the Company’s consolidated financial statements. These accounting policies conform to accounting principles generally accepted in the United States of America (“GAAP”) in all material respects, and have been consistently applied in preparing the accompanying consolidated financial statements. Principles of Consolidation and Basis of Presentation The accompanying consolidated financial statements include the accounts of the Company, its wholly-owned subsidiaries and the Consolidated Joint Venture in which the Company has a controlling financial interest. All intercompany balances and transactions have been eliminated in consolidation. The Company evaluates its relationships and investments to determine if it has variable interests. A variable interest is an investment or other interest that will absorb portions of an entity’s expected losses or receive portions of the entity’s expected residual returns. If the Company determines that it has a variable interest in an entity, it evaluates whether such interest is in a variable interest entity (“VIE”). VIEs are entities where investors lack sufficient equity at risk for the entity to finance its activities without additional subordinated financial support or where equity investors, as a group, lack one of the following characteristics: (a) the power to direct the activities that most significantly impact the entity’s economic performance, (b) the obligation to absorb the expected losses of the entity, or (c) the right to receive the expected returns of the entity. The Company consolidates any VIEs when it is determined to be the primary beneficiary of the VIE’s operations. For legal entities being evaluated for consolidation, the Company must first determine whether the interests that it holds and fees it receives qualify as variable interests in the entity. A variable interest is an investment or other interest that will absorb portions of an entity’s expected losses or receive portions of the entity’s expected residual returns. The Company’s evaluation includes consideration of fees paid to the Company where the Company acts as a decision maker or service provider to the entity being evaluated. If the Company determines that it holds a variable interest in an entity, it evaluates whether that entity is a VIE. A VIE must be consolidated by its primary beneficiary, which is generally defined as the party who has a controlling financial interest in the VIE. The Company qualitatively assesses whether it is (or is not) the primary beneficiary of a VIE. Consideration of various factors include, but are not limited to, the Company’s ability to direct the activities that most significantly impact the entity’s economic performance and its obligation to absorb losses from or right to receive benefits of the VIE that could potentially be significant to the VIE. The Company consolidates any VIEs when the Company is determined to be the primary beneficiary of the VIE, and the difference between consolidating the VIE and accounting for it using the equity method could be material to the Company’s consolidated financial statements. The Company continually evaluates the need to consolidate any VIEs based on standards set forth in GAAP as described above. As of December 31, 2019 and 2018 , the Company determined that it had a controlling interest in the Consolidated Joint Venture and therefore met the requirements for consolidation. Reclassifications Certain amounts in the Company’s prior period consolidated financial statements have been reclassified to conform to the current period presentation. The Company combined rental income of $63.7 million and tenant reimbursement income of $7.1 million for the year ended December 31, 2018 , and rental income of $43.7 million and tenant reimbursement income of $4.4 million for the year ended December 31, 2017 , into a single financial statement line item, rental and other property income, in the consolidated statements of operations for the years ended December 31, 2018 and 2017 , respectively. Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Real Estate Assets Real estate assets are stated at cost, less accumulated depreciation and amortization. The Company considers the period of future benefit of each respective asset to determine the appropriate useful life. The estimated useful lives of the Company’s real estate assets by class are generally as follows: Buildings 40 years Site improvements 15 years Tenant improvements Lesser of useful life or lease term Intangible lease assets Lease term Recoverability of Real Estate Assets The Company continually monitors events and changes in circumstances that could indicate that the carrying amounts of its real estate assets may not be recoverable. Impairment indicators that the Company considers include, but are not limited to: bankruptcy or other credit concerns of a property’s major tenant, such as a history of late payments, rental concessions and other factors; a significant decrease in a property’s revenues due to lease terminations; vacancies; co-tenancy clauses; reduced lease rates; changes in anticipated holding periods; or other circumstances. When indicators of potential impairment are present, the Company assesses the recoverability of the assets by determining whether the carrying amount of the assets will be recovered through the undiscounted future cash flows expected from the use of the assets and their eventual disposition. In the event that such expected undiscounted future cash flows do not exceed the carrying amount, the Company will adjust the real estate assets to their respective fair values and recognize an impairment loss. Generally, fair value will be determined using a discounted cash flow analysis and recent comparable sales transactions. During the year ended December 31, 2019 , the Company recorded impairment charges of $3.1 million , related to one anchored shopping center and five retail properties, due to the carrying value being greater than the estimated fair value of the property. During the year ended December 31, 2018 , the Company recorded impairment charges of $2.3 million , related to one anchored shopping center, due to the carrying value being greater than the estimated fair value of the property. During the year ended December 31, 2017 , the Company recorded impairment charges of $227,000 , related to one anchored shopping center held for sale, due to the carrying value being greater than the estimated fair value of the property. The assumptions and uncertainties utilized in the evaluation of the impairment of real estate assets are discussed in detail in Note 3 — Fair Value Measurements. See also Note 4 — Real Estate Assets for further discussion regarding real estate acquisition and disposition activity. The Company’s assessment of impairment as of December 31, 2019 was based on the most current information available to the Company, including expected holding periods. If the Company’s expected holding periods for assets change, subsequent tests for impairment could result in impairment charges in the future. The Company cannot provide any assurance that material impairment charges with respect to the Company’s real estate assets will not occur during 2020 or in future periods. Assets Held for Sale When a real estate asset is identified by the Company as held for sale, the Company will cease recording depreciation and amortization of the assets related to the property and estimate its fair value, net of selling costs. If, in management’s opinion, the fair value, net of selling costs, of the asset is less than the carrying amount of the asset, an adjustment to the carrying amount is then recorded to reflect the estimated fair value of the property, net of selling costs. There were no assets identified as held for sale as of December 31, 2019 or 2018 . Disposition of Real Estate Assets Gains and losses from dispositions are recognized once the various criteria relating to the terms of sale and any subsequent involvement by the Company with the asset sold are met. A discontinued operation includes only the disposal of a component of an entity and represents a strategic shift that has (or will have) a major effect on an entity’s financial results. The disposition of the Company’s individual properties did not qualify for discontinued operations presentation, and thus, the results of the properties that have been sold remain in operating income, and any associated gains or losses from the disposition are included in gain on disposition of real estate, net. Allocation of Purchase Price of Real Estate Assets Upon the acquisition of real properties, the Company allocates the purchase price to acquired tangible assets, consisting of land, buildings and improvements, and to identified intangible assets and liabilities, consisting of the value of above- and below-market leases and the value of in-place leases and other intangibles, based in each case on their respective fair values. The Company utilizes independent appraisals to assist in the determination of the fair values of the tangible assets of an acquired property (which includes land and buildings). The information in the appraisal, along with any additional information available to the Company’s management, is used in estimating the amount of the purchase price that is allocated to land. Other information in the appraisal, such as building value and market rents, may be used by the Company’s management in estimating the allocation of purchase price to the building and to intangible lease assets and liabilities. The appraisal firm has no involvement in management’s allocation decisions other than providing this market information. The fair values of above- and below-market lease intangibles are recorded based on the present value (using a discount rate which reflects the risks associated with the leases acquired) of the difference between (1) the contractual amounts to be paid pursuant to the in-place leases and (2) an estimate of fair market lease rates for the corresponding in-place leases, which is generally obtained from independent appraisals, measured over a period equal to the remaining non-cancelable term of the lease including, for below-market leases, any bargain renewal periods. The above- and below-market lease intangibles are capitalized as intangible lease assets or liabilities, respectively. Above-market leases are amortized as a reduction to rental income over the remaining terms of the respective leases. Below-market leases are amortized as an increase to rental income over the remaining terms of the respective leases, including any bargain renewal periods. In considering whether or not the Company expects a tenant to execute a bargain renewal option, the Company evaluates economic factors and certain qualitative factors at the time of acquisition, such as the financial strength of the tenant, the remaining lease term, the tenant mix of the leased property, the Company’s relationship with the tenant and the availability of competing tenant space. If a lease were to be terminated prior to its stated expiration, all unamortized amounts of above- or below-market lease intangibles relating to that lease would be recorded as an adjustment to rental income. The fair values of in-place leases include estimates of direct costs associated with obtaining a new tenant and opportunity costs associated with lost rental and other property income which are avoided by acquiring a property with an in-place lease. Direct costs associated with obtaining a new tenant include leasing commissions, legal and other related expenses and are estimated in part by utilizing information obtained from independent appraisals and management’s consideration of current market costs to execute a similar lease. The intangible values of opportunity costs, which are calculated using the contractual amounts to be paid pursuant to the in-place leases over a market absorption period for a similar lease, are capitalized as intangible lease assets and are amortized to expense over the remaining term of the respective leases. If a lease were to be terminated prior to its stated expiration, all unamortized amounts of in-place lease assets relating to that lease would be expensed. The Company may acquire certain properties subject to contingent consideration arrangements that may obligate the Company to pay additional consideration to the seller based on the outcome of future events. Additionally, the Company may acquire certain properties for which it funds certain contingent consideration amounts into an escrow account pending the outcome of certain future events. The outcome may result in the release of all or a portion of the escrow funds to the Company or the seller or a combination thereof. Upon adoption of ASU 2017-01 (as defined below) in April 2017, contingent consideration arrangements for asset acquisitions are recognized when the contingency is resolved. The determination of the amount of contingent consideration arrangements is based on the probability of several possible outcomes as identified by management. The Company estimates the fair value of assumed mortgage notes payable based upon indications of current market pricing for similar types of debt financing with similar maturities. Assumed mortgage notes payable will initially be recorded at their estimated fair value as of the assumption date, and any difference between such estimated fair value and the mortgage note’s outstanding principal balance will be amortized or accreted to interest expense over the term of the respective mortgage note payable. The determination of the fair values of the real estate assets and liabilities acquired requires the use of significant assumptions with regard to the current market rental rates, rental growth rates, capitalization and discount rates, interest rates and other variables. The use of alternative estimates may result in a different allocation of the Company’s purchase price, which could materially impact the Company’s results of operations. In April 2017, the Company elected to early adopt Accounting Standards Update (“ASU”) No. 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business (“ASU 2017-01”), which clarified the definition of a business by adding guidance to assist entities in evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. Beginning in April 2017, all real estate acquisitions qualified as asset acquisitions, and as such, acquisition-related fees and certain acquisition-related expenses related to these asset acquisitions are now capitalized and allocated to tangible and intangible assets and liabilities as described above. Other acquisition-related expenses, such as advisor reimbursements, continue to be expensed as incurred and are included in transaction-related expenses in the accompanying consolidated statements of operations. Prior to the adoption of ASU 2017-01 in April 2017, all of the Company’s real estate acquisitions were accounted for as business combinations, and as such, acquisition-related expenses related to these business combination acquisitions were expensed as incurred. Prior to April 2017, acquisition-related expenses included within transaction-related expenses in the Company’s consolidated statements of operations primarily consisted of legal, deed transfer and other costs related to real estate purchase transactions, including costs incurred for deals that were not consummated. The Company expects its future acquisitions to qualify as asset acquisitions and, as such, the Company will allocate the purchase price to acquired tangible assets and identified intangible assets and liabilities on a relative fair value basis. Investment in Marketable Securities Investment in marketable securities consists primarily of the Company ’ s investment in corporate and government debt securities. The Company determines the appropriate classification for debt securities at the time of purchase and reevaluates such designation as of each balance sheet date. As of December 31, 2019 , the Company classified its investments as available-for-sale as the Company is not actively trading the securities; however, the Company may sell them prior to their maturity. These investments are carried at their estimated fair value with unrealized gains and losses reported in other comprehensive (loss) income . The Company monitors its available-for-sale securities for impairments. A loss is recognized when the Company determines that a decline in the estimated fair value of a security below its amortized cost is other-than-temporary. The Company considers many factors in determining whether the impairment of a security is deemed to be other-than-temporary, including, but not limited to, the length of time the security has had a decline in estimated fair value below its amortized cost, the amount of the unrealized loss, the intent and ability of the Company to hold the security for a period of time sufficient for a recovery in value, recent events specific to the issuer or industry, external credit ratings and recent changes in such ratings. The analysis of determining whether the impairment of a security is deemed to be other-than-temporary requires significant judgments and assumptions. The use of alternative judgments and assumptions could result in a different conclusion. The amortized cost of debt securities is adjusted for amortization of premiums and accretion of discounts to maturity computed under the effective interest method and is recorded in the accompanying consolidated statements of operations in interest and other expense, net. Upon the sale of a security, the realized net gain or loss is computed on the specific identification method. Noncontrolling Interest in Consolidated Joint Venture The Company has a controlling interest in a Consolidated Joint Venture and, therefore, met the requirements for consolidation. The Company recorded net income of $41,000 and paid distributions of $68,000 to the noncontrolling interest during the year ended December 31, 2019 . The Company recorded the noncontrolling interest of $739,000 and $766,000 as of December 31, 2019 and 2018 , respectively, on the consolidated balance sheets. Cash and Cash Equivalents and Restricted Cash Cash and cash equivalents include cash in bank accounts, as well as investments in highly-liquid money market funds. The Company deposits cash with several high quality financial institutions. These deposits are guaranteed by the Federal Deposit Insurance Company (“FDIC”) up to an insurance limit of $250,000. At times, the Company’s cash and cash equivalents may exceed federally insured levels. Although the Company bears risk on amounts in excess of those insured by the FDIC, it has not experienced and does not anticipate any losses due to the high quality of the institutions where the deposits are held. The Company had $607,000 and $806,000 in restricted cash as of December 31, 2019 and 2018 , respectively. Included in restricted cash was $136,000 and $158,000 held by lenders in lockbox accounts as of December 31, 2019 and 2018 , respectively. As part of certain debt agreements, rent from certain of the Company’s tenants is deposited directly into a lockbox account, from which funds in excess of the required minimum balance are disbursed on a weekly basis to the Company. Restricted cash as of December 31, 2019 and 2018 also included $421,000 and $648,000 , respectively, held in escrow for tenant improvements at a certain property in accordance with the associated lease agreement. In addition, restricted cash included $50,000 of escrowed investor proceeds for which shares of common stock had not been issued as of December 31, 2019 . There were no such proceeds as of December 31, 2018 . Deferred Financing Costs Deferred financing costs represent commitment fees, legal fees and other costs associated with obtaining commitments for financing. These costs are amortized to interest expense over the terms of the respective financing agreements using the straight-line method, which approximates the effective interest method. Unamortized deferred financing costs are written off when the associated debt is extinguished or repaid prior to maturity. The presentation of all deferred financing costs, other than those associated with the revolving loan portion of the credit facility, are classified such that the debt issuance costs related to a recognized debt liability are presented on the consolidated balance sheets as a direct deduction from the carrying amount of the related debt liability rather than as an asset. Debt issuance costs related to securing a revolving line of credit are presented as an asset and amortized ratably over the term of the line of credit arrangement. As such, the Company’s current and corresponding prior period total deferred financing costs, net in the accompanying consolidated balance sheets relate only to the revolving loan portion of the credit facility and the historical presentation, amortization and treatment of unamortized costs are still applicable. As of December 31, 2019 and 2018 , the Company had $672,000 and $1.0 million , respectively, of deferred financing costs, net of accumulated amortization, related to the revolving loan portion of the credit facility. Costs incurred in seeking financing transactions that do not close are expensed in the period in which it is determined the financing will not close. Derivative Instruments and Hedging Activities The Company accounts for its derivative instruments at fair value. Accounting for changes in the fair value of a derivative instrument depends on the intended use of the derivative instrument and the designation of the derivative instrument. The change in fair value of the derivative instrument that is designated as a hedge is recorded as other comprehensive (loss) income . The changes in fair value for derivative instruments that are not designated as hedges or that do not meet the hedge accounting criteria are recorded as a gain or loss to operations. Due to Affiliates CIM Income NAV Management and certain of its affiliates received, and will continue to receive, fees, reimbursements and compensation in connection with services provided relating to the Offering and the acquisition, management and performance of the Company’s assets. As of December 31, 2019 and 2018 , $16.6 million and $15.6 million , respectively, was due to CIM Income NAV Management and its affiliates for such services, as discussed in Note 11 — Related-Party Transactions and Arrangements to these consolidated financial statements. Redeemable Common Stock The Company has adopted a share redemption program that permits its stockholders to redeem their shares, subject to certain limitations discussed in Note 13 — Stockholders’ Equity to these consolidated financial statements. The Company records the maximum amount that is redeemable under the share redemption program as redeemable common stock outside of permanent equity on its consolidated balance sheets. Redeemable common stock is recorded at the greater of the carrying amount or redemption value each reporting period. Changes in the value from period to period are recorded as an adjustment to capital in excess of par value. As of December 31, 2019 and 2018 , the quarterly redemption capacity was equal to 10% of the Company’s NAV and this amount was recorded as redeemable common stock on the consolidated balance sheets for a total of $59.3 million and $58.9 million , respectively. Stockholder Servicing Fees The Company pays CCO Capital stockholder servicing fees, which are calculated on a daily basis in the amount of 1/365th of 0.25%, 0.85% and 0.85% of the per share NAV, respectively, for each class of common stock outstanding for D Shares, T Shares and S Shares. The Company does not pay a stockholder servicing fee with respect to I Shares. The stockholder servicing fees are paid monthly in arrears. An estimated liability for future stockholder servicing fees payable to CCO Capital is recognized at the time each share is sold and included in due to affiliates in the consolidated balance sheets with a corresponding decrease to capital in excess of par value. The Company recognized a liability for future fees payable to CCO Capital of $13.9 million and $13.2 million , as of December 31, 2019 and 2018 , respectively. Prior to October 1, 2018, the estimated liability for fees payable included dealer manager fees. Leases The Company adopted ASU No. 2016-02, Leases, (Topic 842) (“ASC 842”), on January 1, 2019 using the optional alternative transition method for financial information and related disclosures. The Company elected the “package of practical expedients,” which permits the Company to not reassess under the new standard prior conclusions about lease identification, lease classification and initial direct costs. The Company has lease agreements with lease and non-lease components. The Company has elected to not separate non-lease components from lease components for all classes of underlying assets (primarily real estate assets) and will account for the combined components as rental and other property income. Non-lease components included in rental and other property income include certain tenant reimbursements for maintenance services (including common-area maintenance services or “CAM”), real estate taxes, insurance and utilities paid for by the lessor but consumed by the lessee. As a lessor, the Company has further determined that this policy will be effective only on a lease that has been classified as an operating lease and the revenue recognition pattern and timing is the same for both types of components. The Company is not party to any material leases where it is the lessee. Significant judgments and assumptions are inherent in not only determining if a contract contains a lease, but also the lease classification, terms, payments, and, if needed, discount rates. Judgments include the nature of any options, including if they will be exercised, evaluation of implicit discount rates and the assessment and consideration of “fixed” payments for straight-line rent revenue calculations. Lease costs represent the initial direct costs incurred in the origination, negotiation and processing of a lease agreement. Such costs include outside broker commissions and other independent third-party costs and are amortized over the life of the lease on a straight-line basis. Costs related to salaries and benefits, supervision, administration, unsuccessful origination efforts and other activities not directly related to completed lease agreements are expensed as incurred. Leasing commissions subsequent to successful lease execution are capitalized. Revenue Recognition Rental and other property income is primarily derived from fixed contractual payments from operating leases and, therefore, is generally recognized on a straight-line basis over the term of the lease, which typically begins the date the tenant takes control of the space. When the Company acquires a property, the terms of existing leases are considered to commence as of the acquisition date for the purpose of this calculation. Variable rental and other property income consists primarily of tenant reimbursements for recoverable real estate taxes and operating expenses, which are included in rental and other property income in the period when such costs are incurred, with offsetting expenses in real estate taxes and property operating expenses, respectively, within the consolidated statements of operations. The Company defers the recognition of variable rental and other property income, such as percentage rents, until the specific target that triggers the contingent rental income is achieved. The Company continually reviews whether collection of lease-related receivables, including any straight-line rent, and current and future operating expense reimbursements from tenants are probable. The determination of whether collectability is probable takes into consideration the tenant’s payment history, the financial condition of the tenant, business conditions in the industry in which the tenant operates and economic conditions in the area in which the property is located. Upon the determination that the collectability of a receivable is not probable, the Company will record a reduction to rental and other property income for amounts previously recorded and a decrease in the outstanding receivable. Revenue from leases where collection is deemed to be less than probable is recorded on a cash basis until collectability becomes probable. Management’s estimate of the collectability of lease-related receivables is based on the best information available to management. The Company does not use a general reserve approach and lease-related receivables are adjusted and taken against rental and other property income only when collectability becomes not probable. Income Taxes The Company elected to be taxed, and currently qualifies, as a REIT for federal income tax purposes under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended (the “Internal Revenue Code”). The Company generally is not subject to federal corporate income tax to the extent it distributes its taxable income to its stockholders, and so long as it, among other things, distributes at least 90% of its annual taxable income (computed without regard to the dividends paid deduction and excluding net capital gains). REITs are subject to a number of other organizational and operational requirements. Even if the Company maintains its qualification for taxation as a REIT, it may be subject to certain state and local taxes on its income and property, and federal income and excise taxes on its undistributed income. Earnings and Distributions Per Share The Company has four classes of common stock with nonforfeitable dividend rights that are determined based on a different NAV for each class. Accordingly, the Company utilizes the two-class method to determine its earnings per share, which can result in different earnings per share for each of the classes. Under the two-class method, earnings per share of each class of common stock are computed by dividing the sum of the distributed earnings to common stockholders and undistributed earnings allocated to common stockholders by the weighted average number of shares for each class of common stock for the respective period. Diluted income per share, when applicable, considers the effect of any potentially dilutive share equivalents, of which the Company had none for each of the years ended December 31, 2019 , 2018 or 2017 . Distributions per share are calculated based on the authorized daily distribution rate. Offering and Related Costs CIM Income NAV Management funds all of the organization and offering costs associated with the sale of the Company’s common stock (excluding upfront selling commissions, dealer manager fees and ongoing stockholder servicing fees) and is reimbursed for such costs up to 0.75% of gross proceeds from the Offering, excluding upfront selling commissions and dealer manager fees, as applicable, charged on D Shares, T Shares and S Shares sold in the Primary Offering. As of December 31, 2019 , CIM Income NAV Management, or its affiliates, had paid organization and offering costs in excess of the 0.75% in connection with the Offering. These excess costs were not included in the financial statements of the Company because such costs were not a liability of the Company as they exceeded 0.75% of gross proceeds from the Offering. As the Company raises additional proceeds from the Offering, these excess costs may become payable to CIM Income NAV Management. Reportable Segments The Company’s commercial real estate assets primarily consist of single-tenant, necessity commercial properties, which are leased to creditworthy tenants under long-term net leases and provide current operating cash flow. The commercial properties are geographically diversified throughout the United States and have similar econ

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	12 Months Ended
	Dec. 31, 2019
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS GAAP defines fair value, establishes a framework for measuring fair value and requires disclosures about fair value measurements. GAAP emphasizes that fair value is intended to be a market-based measurement, as opposed to a transaction-specific measurement. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date under current market conditions. Depending on the nature of the asset or liability, various techniques and assumptions can be used to estimate the fair value. Assets and liabilities are measured using inputs from three levels of the fair value hierarchy, as follows: Level 1 — Inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date. An active market is defined as a market in which transactions for the assets or liabilities occur with sufficient frequency and volume to provide pricing information on an ongoing basis. Level 2 — Inputs include quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active (markets with few transactions), inputs other than quoted prices that are observable for the asset or liability (i.e., interest rates, yield curves, etc.), and inputs that are derived principally from or corroborated by observable market data correlation or other means (market corroborated inputs). Level 3 — Unobservable inputs, which are only used to the extent that observable inputs are not available, reflect the Company’s assumptions about the pricing of an asset or liability. The following describes the methods the Company uses to estimate the fair value of the Company’s financial assets and liabilities: Credit facility and notes payable — The fair value is estimated by discounting the expected cash flows based on estimated borrowing rates available to the Company as of the measurement date. Current and prior period liabilities’ carrying and fair values exclude net deferred financing costs. These financial instruments are valued using Level 2 inputs. As of December 31, 2019 , the estimated fair value of the Company’s debt was $351.2 million , compared to a carrying value of $351.0 million . As of December 31, 2018 , the estimated fair value of the Company’s debt was $350.2 million , compared to a carrying value of $357.0 million . Marketable securities — The Company’s marketable securities are carried at fair value and are valued using Level 1 inputs. The estimated fair value of the Company’s marketable securities are based on quoted market prices that are readily and regularly available in an active market. Derivative instruments — The Company’s derivative instruments are comprised of interest rate swaps. All derivative instruments are carried at fair value and are valued using Level 2 inputs. The fair value of these instruments is determined using interest rate market pricing models. In addition, credit valuation adjustments are incorporated into the fair values to account for the Company’s potential nonperformance risk and the performance risk of the respective counterparties. Although the Company has determined that the majority of the inputs used to value its derivatives fall within Level 2 of the fair value hierarchy, the credit valuation adjustments associated with those derivatives utilize Level 3 inputs, such as estimates of current credit spreads, to evaluate the likelihood of default by the Company and its counterparties. However, as of December 31, 2019 and 2018 , the Company assessed the significance of the impact of the credit valuation adjustments on the overall valuation of its derivative positions and determined that the credit valuation adjustments are not significant to the overall valuation of the Company’s derivatives. As a result, the Company has determined that its derivative valuations in their entirety are classified in Level 2 of the fair value hierarchy. Other financial instruments — The Company considers the carrying values of its cash and cash equivalents, restricted cash, tenant receivables, accrued expenses and accounts payable , other liabilities, due to affiliates and distributions payable to approximate their fair values because of the short period of time between their origination and their expected realization as well as their highly-liquid nature. Due to the short-term maturities of these instruments, Level 1 inputs are utilized to estimate the fair value of these financial instruments. Considerable judgment is necessary to develop estimated fair values of financial assets and liabilities. Accordingly, the estimates presented herein are not necessarily indicative of the amounts the Company could realize, or be liable for, upon disposition of the financial assets and liabilities. As of December 31, 2019 and 2018 , there have been no transfers of financial assets or liabilities between fair value hierarchy levels. Items Measured at Fair Value on a Recurring Basis In accordance with the fair value hierarchy described above, the following tables show the fair value of the Company’s financial assets and liabilities that are required to be measured at fair value on a recurring basis as of December 31, 2019 and 2018 (in thousands): Balance as of Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs December 31, 2019 (Level 1) (Level 2) (Level 3) Financial assets: Interest rate swaps $ 34 $ — $ 34 $ — Marketable securities 15,002 15,002 — — Total financial assets $ 15,036 $ 15,002 $ 34 $ — Financial liabilities: Interest rate swaps $ (4,917 ) $ — $ (4,917 ) $ — Balance as of Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs December 31, 2018 (Level 1) (Level 2) (Level 3) Financial asset: Interest rate swaps $ 2,856 $ — $ 2,856 $ — Marketable securities 5,466 5,466 — — Total financial assets $ 8,322 $ 5,466 $ 2,856 $ — Financial liabilities: Interest rate swaps $ (2,199 ) $ — $ (2,199 ) $ — Items Measured at Fair Value on a Non-Recurring Basis (Including Impairment Charges) Certain financial and nonfinancial assets and liabilities are measured at fair value on a nonrecurring basis and are subject to fair value adjustments in certain circumstances, such as when there is evidence of impairment. The Company’s process for identifying and recording impairment related to real estate assets and intangible assets is discussed in Note 2 — Summary of Significant Accounting Policies. As discussed in Note 4 — Real Estate Assets, during the year ended December 31, 2019 , real estate assets related to one anchored shopping center and five retail properties were deemed to be impaired, due to the carrying values being greater than the estimated fair values of the properties. The carrying value was reduced to an estimated fair value of $15.5 million , resulting in impairment charges of $3.1 million . During the year ended December 31, 2018, real estate assets related to one property was deemed to be impaired due to the carrying value being greater than the estimated fair value of the property. The carrying value was reduced to an estimated fair value of $16.8 million , resulting in impairment charges of $2.3 million . The Company determined that the selling prices used to determine the fair values were Level 2 inputs. The following table presents the impairment charges by asset class recorded during the year ended December 31, 2019 and 2018 (in thousands): Year Ended December 31, 2019 2018 Asset class impaired: Land $ 329 $ 454 Buildings and improvements 2,227 1,000 Intangible lease assets 570 1,176 Intangible lease liabilities (36 ) (363 ) Total impairment loss $ 3,090 $ 2,267

REAL ESTATE ASSETS

REAL ESTATE ASSETS	12 Months Ended
	Dec. 31, 2019
Business Combinations [Abstract]
REAL ESTATE ASSETS	REAL ESTATE ASSETS 2019 Property Acquisitions During the year ended December 31, 2019 , the Company acquired a 100% interest in four commercial properties for an aggregate purchase price of $78.6 million (the “ 2019 Asset Acquisitions ”), which in cludes $287,000 of acquisition-related expenses that were capitalized. The Company funded the 2019 Asset Acquisitions with net proceeds from the Offering, real estate dispositions and available borrowings. The following table summarizes the purchase price allocations for the 2019 Asset Acquisitions purchased during the year ended December 31, 2019 (in thousands): 2019 Asset Acquisitions Land $ 17,998 Buildings and improvements 54,373 Acquired in-place leases and other intangibles (1) 6,575 Intangible lease liabilities (2) (313 ) Total purchase price $ 78,633 ______________________ (1) The weighted average amortization period for acquired in-place leases and other intangibles was 14.1 years . (2) The weighted average amortization period for acquired intangible lease liabilities was 15.0 years . 2019 Property Dispositions During the year ended December 31, 2019 , the Company dispose d of 25 retail properties and three industrial properties for an aggregate gross sales price of $91.1 million , resulting in net proceeds of $88.1 million after closing costs and a net gain of $10.2 million . No disposition fees were paid to affiliates in connection with the sales of these properties and the Company has no continuing involvement with these properties. The gain on sale of real estate is included in gain on disposition of real estate, net in the consolidated statements of operations. The disposition of these pro perties did not qualify to be reported as discontinued operations since the disposition did not represent a strategic shift that had a major effect on the Company’s operations and financial results. Accordingly, the operating results of these disposed properties are reflected in the Company’s results from continuing operations for all periods presented through their respective date of disposition. 2019 Impairment The Company performs quarterly impairment review procedures, primarily through continuous monitoring of events and changes in circumstances that could indicate that the carrying value of certain of its real estate assets may not be recoverable. See Note 2 — Summary of Significant Accounting Policies for a discussion on the Company’s accounting policies regarding impairment of real estate assets. During the year ended December 31, 2019 , one anchored shopping center and five retail properties totaling approximately 129,000 square feet with a combined carrying value of $18.6 million were deemed to be impaired and their carrying values were reduced to an estimated combined fair value of $15.5 million , resulting in impairment charges of $3.1 million , which were recorded in the consolidated statements of operations. See Note 3 — Fair Value Measurements for a further discussion on these impairment charges. Consolidated Joint Venture As of December 31, 2019 , the Company had an interest in a Consolidated Joint Venture that owns and manages two properties, with total assets of $7.2 million , which included $7.2 million of land, building and improvements, and $641,000 of intangible assets, net of accumulated depreciation and amortization of $695,000 , and total liabilities of $82,000 . The Consolidated Joint Venture does not have any debt outstanding as of December 31, 2019 . The Company has the ability to control operating and financial policies of the Consolidated Joint Venture. There are restrictions on the use of these assets as the Company would generally be required to obtain the approval of the partner (the “Consolidated Joint Venture Partne r”) in accordance with the joint venture agreement for any major transactions. The Company and the Consolidated Joint Venture Partner are subject to the provisions of the joint venture agreement, which includes provisions for when additional contributions may be required to fund certain cash shortfalls. 2018 Property Acquisitions During the year ended December 31, 2018 , the Company acquired a 100% interest in 19 commercial properties for an aggregate purchase price of $254.2 million (the “ 2018 Asset Acquisitions ”), which includes $1.4 million of external acquisition-related expenses that were capitalized in accordance with ASU 2017-01. The Company funded the 2018 Asset Acquisitions with net proceeds from the Offering and available borrowings. The following table summarizes the purchase price allocation for the 2018 Asset Acquisitions purchased during the year ended December 31, 2018 (in thousands): 2018 Asset Acquisitions Land $ 28,293 Buildings and improvements 193,658 Acquired in-place leases and other intangibles (1) 31,279 Acquired above-market leases (2) 5,707 Intangible lease liabilities (3) (4,721 ) Total purchase price $ 254,216 ______________________ (1) The weighted average amortization period for acquired in-place leases and other intangibles was 13.7 years . (2) The weighted average amortization period for acquired above-market leases was 14.0 years . (3) The weighted average amortization period for acquired intangible lease liabilities was 17.5 years . 2018 Property Dispositions During the year ended December 31, 2018 , the Company disposed of two anchored shopping centers and four retail properties for an aggregate gross sales price of $49.1 million , resulting in net proceeds of $36.4 million after closing costs and the repayment of the $11.3 million fixed rate debt secured by one of the disposed properties and a net gain of $1.0 million . No disposition fees were paid to the affiliates in connection with the sales of these properties and the Company has no continuing involvement with these properties. The gain on sale of real estate is included in gain on disposition of real estate, net in the consolidated statements of operations. The disposition of these properties did not qualify to be reported as discontinued operations since the disposition did not represent a strategic shift that had a major effect on the Company’s operations and financial results. Accordingly, the operating results of these disposed properties are reflected in the Company’s results from continuing operations for all periods presented through their respective date of disposition. 2018 Impairment The Company performs quarterly impairment review procedures, primarily through continuous monitoring of events and changes in circumstances that could indicate that the carrying value of certain of its real estate assets may not be recoverable. See Note 2 — Summary of Significant Accounting Policies for a discussion on the Company’s accounting policies regarding impairment of real estate assets. During the year ended December 31, 2018 , one anchored shopping center totaling approximately 149,000 square feet with a carrying value of $19.1 million was deemed to be impaired and its carrying value was reduced to an estimated fair value of $16.8 million , resulting in impairment charges of $2.3 million , which were recorded in the consolidated statements of operations. See Note 3 — Fair Value Measurements for a further discussion on these impairment charges. 2017 Property Acquisitions During the year ended December 31, 2017 , the Company acquired a 100% interest in 31 commercial properties, of which 19 were determined to be asset acquisitions and 12 were acquired prior to the adoption of ASU 2017-01 in April 2017 and thus were accounted for as business combinations for an aggregate purchase price of $253.4 million (the “ 2017 Acquisitions ”). The Company funded the 2017 Acquisitions with net proceeds from the Offering and available borrowings. The following table summarizes the consideration transferred for the properties purchased during the year ended December 31, 2017 (in thousands): 2017 Acquisitions Real estate assets: Purchase price of asset acquisitions $ 200,991 Purchase price of business combinations 52,457 Total purchase price of real estate assets acquired (1) $ 253,448 ______________________ (1) The weighted average amortization period for the 2017 Acquisitions is 12.6 years for acquired in-place leases and other intangibles, 15.7 years for acquired above-market leases and 13.8 years for acquired intangible lease liabilities. During the year ended December 31, 2017 , the Company acquired a 100% interest in 19 commercial properties for an aggregate purchase price of $201.0 million (the “2017 Asset Acquisitions”), which includes $1.5 million of external acquisition-related expenses that were capitalized in accordance with ASU 2017-01. Prior to the adoption of ASU 2017-01, costs related to property acquisitions were expensed as incurred. The following table summarizes the purchase price allocation for the 2017 Asset Acquisitions purchased during the year ended December 31, 2017 (in thousands): 2017 Asset Acquisitions Land $ 30,220 Building and improvements 152,840 Acquired in-place leases and other intangibles 23,164 Acquired above-market leases 1,522 Intangible lease liabilities (6,755 ) Total purchase price $ 200,991 During the year ended December 31, 2017 , the Company acquired a 100% interest in 12 commercial properties for an aggregate purchase price of $52.5 million which were accounted for as business combinations (the “2017 Business Combination Acquisitions”). The Company allocated the purchase price of these properties to the fair value of the assets acquired and liabilities assumed. The following table summarizes the purchase price allocation for the 2017 Business Combination Acquisitions purchased during the year ended December 31, 2017 (in thousands): 2017 Business Combinations Land $ 14,232 Building and improvements 22,292 Acquired in-place leases and other intangibles 15,911 Acquired above-market leases 1,423 Intangible lease liabilities (1,401 ) Total purchase price $ 52,457 The Company recorded revenue of $3.3 million and net income of $650,000 for the year ended December 31, 2017 related to the 2017 Business Combination Acquisitions. In addition, the Company recorded $426,000 of acquisition-related expenses for the year ended December 31, 2017 , which is included in transaction-related expenses on the consolidated statements of operations. The following table summarizes selected financial information of the Company, as if all of the 2017 Business Combination Acquisitions were completed on January 1, 2016 for each period presented below. The table below presents the Company’s estimated revenue and net income (loss), on a pro forma basis, for the years ended December 31, 2017 and 2016 (in thousands): Year Ended December 31, 2017 December 31, 2016 Pro forma basis (unaudited): Revenue $ 48,362 $ 30,872 Net income (loss) $ 702 $ (1,805 ) The unaudited pro forma information for the year ended December 31, 2017 was adjusted to exclude $426,000 of acquisition-related expenses recorded during such periods related to the 2017 Business Combination Acquisitions. Accordingly, these expenses were instead recognized in the unaudited pro forma information for the year ended December 31, 2016. The unaudited pro forma information is presented for informational purposes only and may not be indicative of what actual results of operations would have been had the transactions occurred at the beginning of 2016, nor does it purport to represent the results of future operations. 2017 Impairment During the year ended December 31, 2017 , one property with a carrying value of $8.3 million was deemed to be impaired and its carrying value was reduced to an estimated fair value of $8.1 million , resulting in impairment charges of $227,000 , which were recorded in the consolidated statements of operations. See Note 3 — Fair Value Measurements for a further discussion on these impairment charges.

INTANGIBLE LEASE ASSETS AND LIA

INTANGIBLE LEASE ASSETS AND LIABILITIES	12 Months Ended
	Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
INTANGIBLE LEASE ASSETS AND LIABILITIES	INTANGIBLE LEASE ASSETS AND LIABILITIES Intangible lease assets and liabilities consisted of the following as of December 31, 2019 and 2018 (in thousands, except weighted average life remaining): As of December 31, 2019 2018 Intangible lease assets: In-place leases and other intangibles, net of accumulated amortization of $23,026 and $20,668, respectively (with a weighted average life remaining of 14.6 years and 13.8 years, respectively) $ 75,754 $ 91,549 Acquired above-market leases, net of accumulated amortization of $3,118 and $2,422, respectively (with a weighted average life remaining of 12.7 years and 12.6 years, respectively) 10,820 12,550 Total intangible lease assets, net $ 86,574 $ 104,099 Intangible lease liabilities: Acquired below-market leases, net of accumulated amortization of $4,111 and $3,280, respectively (with a weighted average life remaining of 20.9 years and 21.4 years, respectively) $ 13,618 $ 15,506 Amortization of the above-market leases is recorded as a reduction to rental and other property income, and amortization expense for the in-place leases and other intangibles is included in depreciation and amortization in the accompanying consolidated statements of operations. Amortization of below-market leases is recorded as an increase to rental and other property income in the accompanying consolidated statements of operations. The following table summarizes the amortization related to the intangible lease assets and liabilities for the years ended December 31, 2019 , 2018 and 2017 (in thousands): Year Ended December 31, 2019 2018 2017 In-place lease and other intangible amortization $ 9,029 $ 8,971 $ 6,491 Above-market lease amortization $ 1,104 $ 959 $ 745 Below-market lease amortization $ 1,569 $ 1,501 $ 1,200 As of December 31, 2019 , the estimated amortization relating to the intangible lease assets and liabilities is as follows (in thousands): Amortization Year Ending December 31, In-Place Leases and Other Intangibles Above-Market Leases Below-Market Leases 2020 $ 7,865 $ 1,020 $ 1,409 2021 7,755 1,020 1,256 2022 7,702 1,020 1,230 2023 7,487 1,019 1,202 2024 7,120 958 1,138 Thereafter 37,825 5,783 7,383 Total $ 75,754 $ 10,820 $ 13,618

MARKETABLE SECURITIES

MARKETABLE SECURITIES	12 Months Ended
	Dec. 31, 2019
Investments, Debt and Equity Securities [Abstract]
MARKETABLE SECURITIES	MARKETABLE SECURITIES The Company owned marketable securities with an estimated fair value of $15.0 million and $5.5 million as of December 31, 2019 and 2018 , respectively. The following is a summary of the Company’s available-for-sale securities as of December 31, 2019 (in thousands): Available-for-sale securities Amortized Cost Basis Unrealized (Loss) Gain Fair Value U.S. Treasury Bonds $ 6,027 $ 44 $ 6,071 U.S. Agency Bonds 697 6 703 Corporate Bonds 8,105 123 8,228 Total available-for-sale securities $ 14,829 $ 173 $ 15,002 The following table provides the activity for the marketable securities during the year ended December 31, 2019 (in thousands): Amortized Cost Basis Unrealized (Loss) Gain Fair Value Marketable securities as of January 1, 2019 $ 5,558 $ (92 ) $ 5,466 Face value of marketable securities acquired 9,729 — 9,729 Premiums and discounts on purchase of marketable securities, net of acquisition costs 383 — 383 Amortization on marketable securities (17 ) — (17 ) Sales and maturities of securities (824 ) 13 (811 ) Unrealized gain on marketable securities — 252 252 Marketable securities as of December 31, 2019 $ 14,829 $ 173 $ 15,002 During the year ended December 31, 2019 , the Company sol d 17 marketable securities for aggregate proceeds of $811,000 . Unrealized (losses) gains on marketable securities are recorded in other comprehensive (loss) income , with a portion of the amount subsequently reclassified into other expense, net in the accompanying consolidated statements of operations as securities are sold and gains (losses) are recognized. In addition, the Company recorded an unrealized gain of $252,000 on its investments, which is included in accumulated other comprehensive (loss) income attributable to the Company in the accompanying consolidated statement of changes in equity for the year ended December 31, 2019 and the consolidated balance sheet as of December 31, 2019 . The following table shows the fair value and gross unrealized losses of the Company’s available-for-sale securities that were in a loss position as of December 31, 2019 and the length of time the available-for-sale securities have been in the unrealized loss position (in thousands): Less than 12 Months 12 Months or More Total Fair Unrealized Losses Fair Unrealized Losses Fair Unrealized Losses U.S. Treasury Bonds $ 161 $ (1 ) $ — $ — $ 161 $ (1 ) U.S. Agency Bonds — — — — — — Corporate Bonds 301 — 270 (1 ) 571 (1 ) Total temporarily impaired securities $ 462 $ (1 ) $ 270 $ (1 ) $ 732 $ (2 ) The scheduled maturities of the Company’s marketable securities as of December 31, 2019 are as follows (in thousands): Available-for-sale securities Amortized Cost Estimated Fair Value Due within one year $ 1,893 $ 1,895 Due after one year through five years 5,979 6,050 Due after five years through ten years 5,383 5,474 Due after ten years 1,574 1,583 Total $ 14,829 $ 15,002 Actual maturities of marketable securities can differ from contractual maturities because borrowers on certain debt securities may have the right to prepay their respective debt obligations at any time. In addition, factors such as prepayments and interest rates may affect the yields on such securities. In estimating other-than-temporary impairment losses, management considers a variety of factors, including (1) whether the Company has the intent to sell the impaired security, (2) whether the Company expects to hold the investment for a period of time sufficient to allow for anticipated recovery in fair value, and (3) whether the Company expects to recover the entire amortized cost basis of the security. The Company believes that none of the unrealized losses on investment securities are other-than-temporary as management expects the Company will fully recover the entire amortized cost basis of all securities. As of December 31, 2019 , the Company had no other-than-temporary impairment losses.

DERIVATIVE INSTRUMENTS AND HEDG

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	12 Months Ended
	Dec. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES In the normal course of business, the Company uses certain types of derivative instruments for the purpose of managing or hedging its interest rate risk. During the year ended December 31, 2019 , one of the Company’s interest rate swaps matured. Additionally, the Company entered into one interest rate swap agreement during the year ended December 31, 2019 . As of December 31, 2019 , the Company had nine interest rate swap agreements. The following table summarizes the terms of the Company’s executed interest rate swap agreements designated as hedging instruments as of December 31, 2019 and 2018 (dollar amounts in thousands): Outstanding Notional Amount as of December 31, 2019 Fair Value of Assets and (Liabilities) Balance Sheet Location Interest Rates (1) Effective Dates Maturity Dates December 31, 2019 December 31, 2018 Interest Rate Swaps Prepaid expenses, interest receivable and other assets $ 49,240 3.11% 12/1/2015 12/1/2020 $ 34 $ 2,856 Interest Rate Swaps Derivative liabilities, deferred rental income and other liabilities $ 241,465 3.32% 12/16/2016 9/30/2021 $ (4,917 ) $ (2,199 ) ____________________________________ (1) The interest rates consist of the underlying index swapped to a fixed rate and the applicable interest rate spread as of December 31, 2019 . Additional disclosures related to the fair value of the Company’s derivative instruments are included in Note 3 — Fair Value Measurements. The notional amount under the interest rate swap agreements is an indication of the extent of the Company’s involvement in each instrument, but does not represent exposure to credit, interest rate or market risks. Accounting for changes in the fair value of a derivative instrument depends on the intended use and designation of the derivative instrument. The Company designated the interest rate swaps as cash flow hedges in order to hedge the variability of the anticipated cash flows on its variable rate debt. The change in fair value of the derivative instruments that are designated as hedges is recorded in other comprehensive (loss) income , with a portion of the amount subsequently reclassified to interest expense as interest payments are made on the Company’s variable rate debt. For the years ended December 31, 2019 , 2018 and 2017 , the amounts reclassified were gains of $167,000 and $294,000 and a loss of $663,000 , respectively. During the next 12 months, the Company estimates that an additional $1.7 million will be reclassified from other comprehensive (loss) income as an increase to interest expense. The Company includes cash flows from interest rate swap agreements in cash flows provided by operating activities on the consolidated statements of cash flows, as the Company’s accounting policy is to present cash flows from hedging instruments in the same category in the consolidated statements of cash flows as the category for cash flows from the hedged items. The Company has agreements with each of its derivative counterparties that contain provisions whereby, if the Company defaults on certain of its unsecured indebtedness, the Company could also be declared in default on its derivative obligations resulting in an acceleration of payment. If the Company had breached any of these provisions, it could have been required to settle its obligations, under the agreements at an aggregate termination value, inclusive of interest payments of $5.0 million , which includes accrued interest, at December 31, 2019 . In addition, the Company is exposed to credit risk in the event of non-performance by its derivative counterparties. The Company believes it mitigates its credit risk by entering into agreements with creditworthy counterparties. The Company records credit risk valuation adjustments on its interest rate swaps based on the credit quality of the Company and the respective counterparty. There were no termination events or events of default related to the interest rate swaps as of December 31, 2019 .

CREDIT FACILITY AND NOTES PAYAB

CREDIT FACILITY AND NOTES PAYABLE	12 Months Ended
	Dec. 31, 2019
Debt Disclosure [Abstract]
CREDIT FACILITY AND NOTES PAYABLE	CREDIT FACILITY AND NOTES PAYABLE As of December 31, 2019 , the Company had $348.9 million of debt outstanding, including net deferred financing costs, with a weighted average years to maturit y of 2.6 years and a weighted average interest rate of 3.90% . The weighted average years to maturity is computed using the scheduled repayment date as specified in each loan agreement where ap plicable. The weighted average interest rate is computed using the interest rate in effect until the scheduled repayment date. Should a loan not be repaid by its scheduled repayment date, the applicable interest rate will increase as specified in the respective loan agreement until the extended maturity date. The following table summarizes the debt balances as of December 31, 2019 and 2018 , and the debt activity for the year ended December 31, 2019 (in thousands): During the Year Ended December 31, 2019 Balance as of Debt Issuances, Net (1) Repayments Amortization Balance as of Credit facility $ 218,500 $ 63,000 $ (69,000 ) $ — $ 212,500 Fixed rate debt 138,459 — — — 138,459 Total debt 356,959 63,000 (69,000 ) — 350,959 Deferred costs - credit facility (2) (1,387 ) (11 ) — 375 (1,023 ) Deferred costs - fixed rate debt (1,318 ) — — 321 (997 ) Total debt, net $ 354,254 $ 62,989 $ (69,000 ) $ 696 $ 348,939 ____________________________________ (1) Includes deferred financing costs incurred during the period. (2) Deferred costs related to the term portion of the credit facility, as discussed in Note 2 — Summary of Significant Accounting Policies. Notes Payable As of December 31, 2019 , the Company had fixed rate debt outstanding of $138.5 million , including $78.2 million of variable rate debt that is fixed through interest rate swap agreements, which has the effect of fixing the variable interest rate per annum through the maturity date of the variable rate debt. The fixed rate debt has interest rates ranging from 3.56% to 4.17% per annum and as of December 31, 2019 , the fixed rate debt had a weighted average interest rate of 3.91% . The fixed rate debt outstanding matures on various dates from December 2020 to February 2025 . The aggregate balance of gross real estate assets, net of gross intangible lease liabilities, securing the fixed rate debt outstanding was $247.9 million as of December 31, 2019 . Each of the mortgage notes payable comprising the fixed rate debt is secured by the respective properties on which the debt was placed. Credit Facility The Company is party to a second amended and restated credit agreement (the “Second Amended Credit Agreement”) with JPMorgan Chase Bank, N.A. as administrative agent (“JPMorgan Chase”), that provides for borrowings up to $425.0 million , which is comprised of up to $212.5 million in unsecured revolving loans (the “Revolving Loans”) and up to $212.5 million in unsecured term loans (the “Term Loans”) (collectively, with the Revolving Loans the “Credit Facility”). The Term Loans mature on September 6, 2022 and the Revolving Loans mature on September 6, 2021; however, the Company may elect to extend the maturity date for the Revolving Loans for up to two six -month periods, but no later than September 6, 2022, subject to satisfying certain conditions contained in the Second Amended Credit Agreement. Depending upon the type of loan specified and overall leverage ratio, the Credit Facility bears interest at (i) the one-month, two-month, three-month or six-month LIBOR multiplied by the statutory reserve rate (the “Eurodollar Rate”) plus an interest rate spread ranging from 1.70% to 2.20% for Revolving Loans and 1.60% to 2.10% for Term Loans; or (ii) a base rate ranging from 0.70% to 1.20% for Revolving Loans and 0.60% to 1.10% for Term Loans, plus the greater of: (a) JPMorgan Chase’s Prime Rate (as defined in the Second Amended Credit Agreement); (b) the Federal Funds Effective Rate (as defined in the Second Amended Credit Agreement) plus 0.50% ; or (c) the one-month LIBOR multiplied by the statutory reserve rate plus 1.0% . As of December 31, 2019 , there were no amounts outstanding under the Revolving Loans, and the Term Loans outstanding totaled $212.5 million , all of which are subject to interest rate swap agreements (the “Swapped Term Loans”). The interest rate swap agreements have the effect of fixing the Eurodollar Rate per annum of the Swapped Term Loan at an all-in rate of 3.90% . As of December 31, 2019 , the Company had $212.5 million outstanding under the Credit Facility at a weighted average interest rate of 3.90% and $212.5 million in unused capacity, subject to borrowing availability. The Second Amended Credit Agreement contains provisions with respect to covenants, events of default and remedies customary for facilities of this nature. In particular, the Second Amended Credit Agreement requires the Company to maintain a minimum consolidated net worth greater than or equal to the sum of (i) $367.1 million plus (ii) 75% of the equity issued (iii) minus the aggregate amount of any redemptions or similar transaction from the date of the Second Amended Credit Agreement, a leverage ratio less than or equal to 60% , a fixed charge coverage ratio equal to or greater than 1.50 , an unsecured debt to unencumbered asset value ratio equal to or less than 60% , an unsecured debt service coverage ratio greater than 1.75 , a secured debt ratio equal to or less than 40% , and the amount of secured debt that is recourse debt at no greater than 15% of total asset value. As of December 31, 2019 , the Company believes it was in compliance with the financial covenants of the Second Amended Credit Agreement, as well as the financial covenants under the Company’s various fixed and variable rate debt agreements. Maturities The following table summarizes the scheduled aggregate principal repayments for the Company’s outstanding debt subsequent to December 31, 2019 (in thousands): Year Ending December 31, Principal Repayments 2020 $ 9,240 2021 20,442 2022 304,327 2023 — 2024 — Thereafter 16,950 Total $ 350,959

SUPPLEMENTAL CASH FLOW DISCLOSU

SUPPLEMENTAL CASH FLOW DISCLOSURES	12 Months Ended
	Dec. 31, 2019
Supplemental Cash Flow Elements [Abstract]
SUPPLEMENTAL CASH FLOW DISCLOSURES	SUPPLEMENTAL CASH FLOW DISCLOSURES Supplemental cash flow disclosures for the years ended December 31, 2019 , 2018 and 2017 are as follows (in thousands): Year Ended December 31, 2019 2018 2017 Supplemental Disclosures of Non-Cash Investing and Financing Activities: Change in accrued dealer manager fee, ongoing stockholder servicing fees, and other offering costs $ 3,867 $ (2,236 ) $ 9,460 Distributions to stockholders declared and unpaid $ 2,814 $ 2,719 $ 2,126 Common stock issued through distribution reinvestment plan $ 16,201 $ 13,774 $ 10,289 Change in fair value of marketable securities $ 265 $ (85 ) $ 22 Change in fair value of interest rate swaps $ (5,540 ) $ (1,044 ) $ 2,007 Accrued deferred financing costs $ — $ 9 $ — Accrued capital expenditures $ — $ — $ 163 Supplemental Cash Flow Disclosures: Interest paid $ 14,115 $ 13,273 $ 7,864 Cash paid for taxes $ 179 $ 184 $ 194

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Litigation In the ordinary course of business, the Company may become subject to litigation and claims. The Company is not aware of any material pending legal proceedings, other than ordinary routine litigation incidental to the Company’s business, to which the Company is a party or of which the Company’s properties are the subject. Environmental Matters In connection with the ownership and operation of real estate, the Company may potentially be liable for costs and damages related to environmental matters. In addition, the Company may own or acquire certain properties that are subject to environmental remediation. Generally, the seller of the property, the tenant of the property and/or another third party is responsible for environmental remediation costs related to a property. Additionally, in connection with the purchase of certain properties, the respective sellers and/or tenants may agree to indemnify the Company against future remediation costs. The Company also carries environmental liability insurance on its properties that provides limited coverage for any remediation liability and/or pollution liability for third-party bodily injury and/or property damage claims for which the Company may be liable. The Company is not aware of any environmental matters which it believes are reasonably likely to have a material effect on its results of operations, financial condition or liquidity. Subscription Agreement On September 27, 2019, the Company executed a subscription agreement to purchase $50 million of limited partnership interests of CIM UII Onshore, L.P. (“CIM UII Onshore”) (the “Subscription Agreement”), which was accepted by the general partner of CIM UII Onshore on September 30, 2019. CIM UII Onshore’s sole purpose is to invest all of its assets in CIM Urban Income Investments, L.P. (“CIM Urban Income”), which is a private institutional fund that acquires, owns and operates substantially stabilized, diversified real estate and real estate-related assets in urban markets primarily located throughout North America. Both CIM UII Onshore and CIM Urban Income were formed by CIM, and CIM controls the general partner of both CIM UII Onshore and CIM Urban Income. As such, the Company’s subscription for $50 million of limited partnership interests in CIM UII Onshore was approved by all of the Company’s independent directors as fair and reasonable to the Company and on terms and conditions not less favorable to the Company than those available from unaffiliated third parties.

RELATED-PARTY TRANSACTIONS AND

RELATED-PARTY TRANSACTIONS AND ARRANGEMENTS	12 Months Ended
	Dec. 31, 2019
Related Party Transactions [Abstract]
RELATED-PARTY TRANSACTIONS AND ARRANGEMENTS	RELATED-PARTY TRANSACTIONS AND ARRANGEMENTS The Company has incurred, and will continue to incur, commissions, fees and expenses payable to CIM Income NAV Management and certain of its affiliates in connection with the Offering, and the acquisition, management and performance of the Company’s assets. In connection with the Share Modifications, the Company amended and restated its dealer manager agreement and advisory agreement to reflect the changes to the names and classifications of its common stock, and to establish the fees associated with its D Shares, T Shares, S Shares and I Shares, effective November 27, 2018. Upfront selling commissions, dealer manager and ongoing stockholder servicing fees In connection with the Offering, CCO Capital, the Company’s dealer manager, will receive upfront selling commissions and dealer manager fees, and/or an asset-based stockholder servicing fees, as summarized in the table below for each class of common stock: Upfront Selling Commissions Dealer Manager Fees Ongoing Stockholder Servicing Fees (2) D Shares (1) 1.50 % — % 0.25 % T Shares (1) 3.00 % 0.50 % 0.85 % S Shares (1) 3.50 % — % 0.85 % I Shares — — % — ____________________________________ (1) The upfront selling commissions are based on a percentage of the transaction price, which is exclusive of the upfront selling commission, for D Shares, T Shares and S Shares. The dealer manager fee is based on a percentage of the transaction price for T Shares. Upfront selling commissions and dealer manager fees are deducted directly from the offering price for D Shares, T Shares and S Shares and paid to CCO Capital. The Company has been advised that CCO Capital intends to reallow 100% of the upfront selling commissions on D Shares, T Shares and S Shares, to participating broker-dealers and may reallow a portion of the dealer manager fee. Pursuant to a registration statement on Form S-11 effective February 28, 2020 , there will be no upfront selling commissions on D Shares. (2) The stockholder servicing fees will be calculated on a daily basis in an amount equal to 1/365th of the percentage of NAV per D Share, T Share or S Share, as applicable, for such day on a continuous basis. CCO Capital, in its sole discretion, may reallow a portion of the stockholder servicing fees to participating broker-dealers. The Company will cease paying the stockholder servicing fees with respect to any D Shares, T Shares or S Shares held in a stockholder’s account when the total upfront selling commissions, dealer manager fees and stockholder servicing fees would exceed, in the aggregate, 8.75% (or, in the case of shares sold through certain participating broker-dealers, a lower limit as set forth in any applicable agreement between our dealer manager and a participating broker-dealer) of the gross proceeds from the sale of such shares. Other organization and offering expenses All other organization and offering expenses associated with the sale of the Company’s common stock (excluding upfront selling commissions, dealer manager fee and the ongoing stockholder servicing fees) are paid for by CIM Income NAV Management or its affiliates and can be reimbursed by the Company up to 0.75% of the aggregate gross offering proceeds, excluding upfront selling commissions and dealer manager fees charged on D Shares, T Shares and S Shares sold in the Primary Offering. As of December 31, 2019 , CIM Income NAV Management or its affiliates had paid organization and offering expenses in excess of the 0.75% in connection with the Offering. These excess amounts were not included in the financial statements of the Company because such amounts were not a liability of the Company as they exceeded 0.75% of gross proceeds from the Offering. As the Company raises additional proceeds from the Offering, these excess amounts may become payable to CIM Income NAV Management. Advisory fees and expenses Effective on the Restructure Date, the Company modified the asset-based advisory fee that is payable to CIM Income NAV Management in arrears on a monthly basis and accrues daily, from an amount equal to 1/365th of 0.90% to an amount equal to 1/365th of 1.10% of the Company’s NAV for each class of common stock, for each day. Operating expenses The Company reimburses CIM Income NAV Management for the operating expenses it paid or incurred in connection with the services provided to the Company, subject to the limitation that the Company will not reimburse for any amount by which its operating expenses (including the advisory fee) at the end of the four preceding fiscal quarters exceeds the greater of (1) 2% of average invested assets, or (2) 25% of net income other than any additions to reserves for depreciation, bad debts or other similar non-cash reserves and excluding any gain from the sale of assets for that period. Acquisition expenses In addition, the Company reimburses CIM Income NAV Management for all out-of-pocket expenses incurred in connection with the acquisition of the Company’s investments. While most of the acquisition expenses are expected to be paid to third parties, a portion of the out-of-pocket acquisition expenses may be reimbursed to CIM Income NAV Management or its affiliates. Acquisition expenses, together with any acquisition fees paid to third parties for a particular real estate-related asset, will in no event exceed 6% of the gross purchase price of such asset. Other acquisition-related expenses, such as advisor reimbursements, are expensed as incurred and are included in transaction-related expenses in the accompanying consolidated statements of operations. Performance Fee As compensation for services provided pursuant to the advisory agreement, the Company will also pay CIM Income NAV Management a performance-based fee calculated based on the Company’s annual total return to stockholders for each class of common stock (defined below), payable annually in arrears. The total return to stockholders is defined, for each class of the Company’s common stock, as the change in NAV per share plus distributions per share for such class. For each respective class, the NAV per share is calculated on the last trading day of a calendar year shall be the amount against which changes in NAV per share for such class are measured during the subsequent calendar year. Under the terms of the advisory agreement, in the event that performance fees are earned for any particular period, CIM Income NAV Management will not be obligated to return any portion of such fees previously paid based on the Company’s subsequent performance. Through December 31, 2018, the performance fee was calculated such that for any calendar year in which the total return per share for a particular class exceeded 6% (the “ 6% Return”), CIM Income NAV Management would receive 25% of the excess total return on such class above the 6% Return allocable to that class, but in no event would the Company pay CIM Income NAV Management more than 10% of the aggregate total return, for that class, for such year. However, in the event the NAV per share of the Company’s D Shares, T Shares and I Shares decreased below the base NAV for the respective share class ( $15.00 , $16.72 and $16.82 for the D Shares, T Shares and I Shares, respectively) (the “Base NAV”), the performance fee for a respective class was not calculated on any increase in NAV up to the Base NAV for the respective share class. In addition, the performance fee was not payable with respect to any calendar year in which the NAV per share as of the last business day of the calendar year (the “Ending NAV”) for the respective share class was less than the Base NAV of that class. The Base NAV of any share class was subject to downward adjustment in the event that the Company’s board of directors, including a majority of the independent directors, determined that such an adjustment was necessary to provide an appropriate incentive to CIM Income NAV Management to perform in a manner that sought to maximize stockholder value and was in the best interests of the Company’s stockholders. In the event of any stock dividend, stock split, recapitalization or similar change in the Company’s capital structure, the Base NAV for the respective share class was to be ratably adjusted to reflect the effect of any such event. Therefore, for each class of the Company’s common stock, payment of the performance-based component of the advisory fee (1) was contingent upon the Company’s actual annual total return exceeding the 6% Return and the Ending NAV per share for the respective share class being greater than the Base NAV of that class, (2) varied in amount based on the Company’s actual performance, (3) could not cause the Company’s total return as a percentage of stockholders’ invested capital for the year to be reduced below 6% , and (4) was payable to CIM Income NAV Management in the event the Company’s total return exceeded the 6% Return in a particular calendar year, even if the total return to stockholders (or any particular stockholder) on a cumulative basis over any longer or shorter period had been less than 6% per annum. The Company did not reach the 6% Return during the years ended December 31, 2019 and 2018, therefore, no performance fee was paid during those years . Starting with the period beginning on January 1, 2019, the performance-based fee is equal to 12.5% of the Total Return for each class of common stock, subject to a 5% Hurdle Amount, a High Water Mark and a Catch-Up (each term as defined in the Second Amended and Restated Advisory Agreement), payable annually in arrears. The foregoing summary is qualified in its entirety by reference to the Second Amended and Restated Advisory Agreement, which is incorporated by reference as Exhibit 10.4 within this Annual Report on Form 10-K. The Company did not reach the 5% Hurdle Amount during the year ended December 31, 2019 . The Company incurred commissions, fees and expense reimbursements as shown in the table below for services provided by CIM Income NAV Management and its affiliates related to the services described above during the periods indicated (in thousands): Year Ended December 31, 2019 2018 2017 Upfront selling commissions $ 1,488 $ 2,797 $ 2,964 Stockholder servicing fees (1) $ 2,910 $ 1,126 $ 592 Dealer manager fees (1) $ 267 $ 2,609 $ 2,128 Organization and offering expense reimbursement $ 830 $ 1,339 $ 1,400 Acquisition expense reimbursement $ 1,217 $ 1,722 $ 1,594 Advisory fee $ 7,902 $ 5,858 $ 4,263 Operating expense reimbursement $ 2,388 $ 2,652 $ 2,740 Performance fee $ — $ — $ 647 ______________________ (1) Amounts are calculated for the respective period in accordance with the dealer manager agreement and exclude the estimated liability for the future fees payable to CCO Capital of $13.9 million and $13.2 million as of December 31, 2019 and 2018 , respectively, which are included in due to affiliates in the consolidated balance sheets, with a corresponding decrease to capital in excess of par value, as described in Note 2 — Summary of Significant Accounting Policies. Due to/from Affiliates As of December 31, 2019 and December 31, 2018 , $16.6 million and $15.6 million , respectively, was due to CIM Income NAV Management or its affiliates primarily related to the estimated liability for current and future stockholder servicing fees, the reimbursement of organization and offering expenses, and advisory fees, which were included in amounts due to affiliates on the consolidated balance sheets. As of December 31, 2019 and December 31, 2018 , $8,000 and $112,000 was due from CIM Income NAV Management or its affiliates related to amounts received by affiliates of the advisor which were due to the Company. Subscription Agreement Pursuant to the Subscription Agreement, the Company committed to purchase $50 million of CIM UII Onshore, which is affiliated with CIM. See Note 10 — Commitments and Contingencies for a discussion of the Subscription Agreement.

ECONOMIC DEPENDENCY

ECONOMIC DEPENDENCY	12 Months Ended
	Dec. 31, 2019
Economic Dependency [Abstract]
ECONOMIC DEPENDENCY	ECONOMIC DEPENDENCY Under various agreements, the Company has engaged and may in the future engage CIM Income NAV Management or its affiliates to provide certain services that are essential to the Company, including asset management services, supervision of the management and leasing of properties owned by the Company, asset acquisition and disposition decisions, the sale of shares of the Company’s common stock available for issuance, as well as other administrative responsibilities for the Company including accounting services and stockholder relations. As a result of these relationships, the Company is dependent upon CIM Income NAV Management or its affiliates. In the event that these companies are unable to provide the Company with these services, the Company would be required to find alternative providers of these services.

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	12 Months Ended
	Dec. 31, 2019
Equity [Abstract]
STOCKHOLDERS' EQUITY	STOCKHOLDERS’ EQUITY As of December 31, 2019 , the Company was authorized to issue up to 500,000,000 shares of capital stock. Of the total number of shares of capital stock authorized (a) 490,000,000 shares are designated as common stock, 122,500,000 of which are classified as D Shares, 122,500,000 of which are classified as T Shares, 122,500,000 of which are classified as S Shares, and 122,500,000 of which are classified as I Shares, and (b) 10,000,000 shares are designated as preferred stock. All shares of such stock have a par value of $0.01 per share. The Company’s board of directors may amend the charter from time to time to increase or decrease the aggregate number of authorized shares of capital stock or the number of authorized shares of capital stock of any class or series without stockholder approval. During the year ended December 31, 2019 , the Company issued a total of 6.3 million shares, including 917,000 shares issued under the DRIP, for gross proceeds of $112.1 million . As of December 31, 2019 , the Company had iss ued 46.8 million shares of common stock for cumulative gross proceeds of $844.1 million . The table below provides information regarding the issuances and redemptions of each class of the Company’s common stock during the years ended December 31, 2019 , 2018 and 2017 (dollar amounts in thousands): D Shares T Shares S Shares (1) I Shares Total Shares Par Value Shares Par Value Shares Par Value Shares Par Value Shares Par Value Balance as of January 1, 2017 12,461,616 $ 125 4,449,352 $ 45 — $ — 788,270 $ 8 17,699,238 $ 178 Issuance of common stock 5,206,244 51 4,661,884 46 — — 464,022 5 10,332,150 102 Conversion of shares (55,096 ) — — — — — 54,673 — (423 ) — Redemptions of common stock (1,775,662 ) (18 ) (318,013 ) (3 ) — — (241,733 ) (2 ) (2,335,408 ) (23 ) Balance as of December 31, 2017 15,837,102 $ 158 8,793,223 $ 88 — $ — 1,065,232 $ 11 25,695,557 $ 257 Issuance of common stock 4,853,772 48 4,719,621 47 — — 257,671 3 9,831,064 98 Conversion of shares (8,997 ) — — — — — 8,889 — (108 ) — Redemptions of common stock (1,746,560 ) (17 ) (735,522 ) (7 ) — — (172,062 ) (2 ) (2,654,144 ) (26 ) Equity-based compensation 7,212 — — — — — — — 7,212 — Balance as of December 31, 2018 18,942,529 $ 189 12,777,322 $ 128 — $ — 1,159,730 $ 12 32,879,581 $ 329 Issuance of common stock 2,670,861 27 3,471,200 35 7,031 — 109,678 1 6,258,770 $ 63 Redemptions of common stock (3,477,667 ) (35 ) (1,748,886 ) (18 ) — — (171,512 ) (2 ) (5,398,065 ) (55 ) Equity-based compensation 7,424 — — — — — — — 7,424 — Balance as of December 31, 2019 18,143,147 $ 181 14,499,636 $ 145 7,031 $ — 1,097,896 $ 11 33,747,710 $ 337 ______________________ (1) The Company did not issue any Class S Shares prior to October 10, 2019. NAV per Share Calculation The Company’s per share purchase and redemption price for each class varies from day-to-day. The Company has engaged an independent valuation expert which has expertise in appraising commercial real estate assets and related liabilities, to provide, on a rolling quarterly basis, valuations of each of the Company’s commercial real estate assets and related liabilities to be set forth in individual appraisal reports, and to adjust those valuations for events known to the independent valuation expert that it believes are likely to have a material impact on previously provided estimates of the value of the affected commercial real estate assets or related real estate liabilities. In addition, the calculation of NAV for each class includes liquid assets, which are priced daily using third party pricing services, and cash and cash equivalents. The Company has retained an independent fund accountant to calculate the daily NAV for each class, which uses a process that reflects (1) estimated values of each of the Company’s commercial real estate assets, related liabilities and notes receivable secured by real estate provided periodically by the Company’s independent valuation expert, in individual appraisal reports, (2) daily updates in the price of liquid assets for which third party market quotes are available, (3) accruals of the daily distributions for each class, and (4) estimates of daily accruals, on a net basis, of the Company’s operating revenues, expenses, including class-specific expenses, debt service costs and fees, including class-specific fees. Upfront selling commissions and dealer manager fees will have no effect on the NAV of any class. NAV is intended to reflect the Company’s estimated value on the date that the NAV is determined, and the NAV of any class at any given time will not reflect any obligation to pay future trail fees that may become payable after the date the NAV is determined. As a result, the estimated liability for the future stockholder servicing fees, which is accrued at the time each share is sold, will have no effect on the NAV of any class. The result of this calculation is the NAV for each class of shares as of the end of any business day. The NAV per share is determined by allocating the NAV to each share class based on its respective ownership percentage. The NAV for each class is then adjusted for contributions, redemptions and accruals of the class’s daily distributions and estimates of class-specific fee and expense accruals. Distributions reflect the daily distribution rate set by the Company’s board of directors, which may vary for each class. The NAV per share for each class is determined by dividing such class’s NAV on such day by the number of shares outstanding for that class as of the end of such business day, prior to giving effect to any share purchases or redemptions to be effected on such day. At regularly scheduled board of directors meetings, the Company’s board of directors reviews the process by which the Company’s advisor estimated the daily accruals and the independent fund accountant calculated the NAV per share, and the operation and results of the process to determine NAV per share generally. The Company’s NAV is not calculated in accordance with GAAP and is not audited by the independent registered public accounting firm. Distribution Reinvestment Plan Pursuant to the DRIP, the Company allows stockholders to elect to have their distributions reinvested in additional shares of the Company’s common stock. The purchase price for shares under the DRIP is equal to the NAV per share on the date that the distribution is payable, after giving effect to the distribution. During the years ended December 31, 2019 , 2018 and 2017 , 917,000 , 758,000 and 569,000 shares were purchased under the DRIP for $16.2 million , $13.8 million and $10.3 million , respectively. Share Redemption Program The Company has adopted a share redemption plan whereby, on any business day, stockholders may request that the Company redeem all or any portion of their shares, subject to certain limitations described below. Pursuant to the share redemption program, the Company will initially redeem shares at a redemption price per share on any business day equal to the Company’s NAV per share for the class of shares being redeemed, without giving effect to any share purchases or redemptions to be effected on such day, less any applicable short-term trading fees. Subject to limited exceptions, stockholders who redeem their shares within the first 365 days from the date of purchase will be subject to a short-term trading fee of 5% of the aggregate NAV per share of the shares of common stock received. In each calendar quarter, net redemptions will be limited to 5% of the Company’s total NAV as of the end of the immediately preceding quarter. If less than the full 5% limit available for a quarter is used, the unused percentage will be carried over to the next quarter (the “Carryover Percent”), but the maximum carryover percentage will never exceed 15% in the aggregate, and net redemptions in any quarter may never exceed 10% of the prior quarter’s NAV. On each business day, the Company will calculate the maximum amount available for redemptions as 5% plus the Carryover Percent times the prior quarter-end’s NAV, plus share sales for the quarter, minus share redemptions for the quarter (the “Quarterly Limit”). Redemption requests will be satisfied on a first-come-first-served basis up to the Quarterly Limit. A redemption request must be received by 4:00 p.m. Eastern Time on the last business day that the New York Stock Exchange is open for trading prior to the end of a calendar quarter in order for the current Quarterly Limit to apply. For the quarter following a quarter in which the Company reached its Quarterly Limit (a “Limit Quarter”), a 5% per quarter redemption limitation will apply on a stockholder by stockholder basis, such that each of the Company’s stockholders will be allowed to request a redemption, at any time during that quarter, for a total of up to 5% of the shares they held as of the last day of the Limit Quarter, plus shares, if any, that the stockholder purchases during the in-progress quarter (the “Flow-regulator”). This prospective methodology for allocating available funds daily during a quarter for which a Flow-regulator is in effect (a “Flow-regulated Quarter”) is designed to treat all stockholders equally during the quarter as a whole, regardless of the particular day during the quarter when they choose to submit their redemption requests, based on the number of shares held by each stockholder as of the prior quarter-end. If, during a Flow-regulated Quarter, total redemptions for all stockholders in the aggregate are more than two and one-half percent of the Company’s total NAV as of the end of the immediately preceding quarter, then the Flow-regulator will continue to apply for the next succeeding quarter. If total redemptions for all stockholders in the aggregate during a Flow-regulated Quarter are equal to or less than two and one-half percent of the Company’s total NAV as of the end of the immediately preceding quarter, then the first-come, first-served Quarterly Limit discussed above will come back into effect for the next succeeding quarter, with the Quarterly Limit consisting of five percent plus any remaining amount of the Carryover Percent from the last quarter before the Flow-regulated Quarter (subject to the 10% quarterly limit). In addition, as of December 31, 2019 , CIM Income NAV Management owned 13,333 D Shares. Pursuant to the Company’s charter, CIM Income NAV Management is prohibited from selling these shares, which represents the initial investment in the Company, for so long as the CCO Group remains the Company’s sponsor; provided, however, that CIM Income NAV Management could transfer ownership of all or a portion of such shares to other affiliates of the Company’s sponsor. The Company may fund redemptions with proceeds from any available source, including, but not limited to, available cash, proceeds from sales of additional shares, excess cash flow from operations, sales of liquid investments, incurrence of indebtedness and, if necessary, proceeds from the disposition of real estate properties or real estate-related assets. The Company may reserve borrowing capacity under its Credit Facility and elect to borrow against the Credit Facility in part to redeem shares presented for redemption during periods when the Company does not have sufficient proceeds from the sale of shares to fund all redemption requests. Additionally, the Company’s board of directors may modify or suspend its redemption plan at any time in its sole discretion if it believes that such action is in the best interests of the stockholders. As of December 31, 2019 , the quarterly redemption capacity was equal to 10% of the Company’s NAV and this amount was recorded as redeemable common stock on the consolidated balance sheet for a total of $59.3 million . During the year ended December 31, 2019 , the Company received redemption requests for, and redeemed approximately 3.5 million D Shares of common stock for $61.8 million , 1.7 million T Shares of common stock for $30.5 million and 172,000 I Shares of common stock for $3.1 million . No S Shares were redeemed during the year ended December 31, 2019 . Distributions Payable and Distribution Policy The Company’s board of directors authorized a daily distribution, based on 365 days in the calendar year of $0.002678083 per share for stockholders of record as of the close of business on each day of the period commencing on January 1, 2019 and ending on March 31, 2020. The daily distribution amount for each class of outstanding common stock is adjusted based on the relative NAV of the various classes each day so that, from day to day, distributions constitute a uniform percentage of the NAV per share of all classes. As a result, from day to day, the per share daily distribution for each outstanding class of common stock may be higher or lower than the daily distribution amount authorized by the Company’s board of directors. As of December 31, 2019 , the Company had distributions payable of $2.8 million . Subsequent to December 31, 2019 , the Board reaffirmed the declaration and payment of distributions for the month of March 2020 at the rate previously declared on November 6, 2019, which distributions will be paid on or around April 1, 2020. Given the impact of the novel strain of coronavirus (“COVID-19”) outbreak, the Board has decided to defer making a determination as to the amount and timing of distributions for the second quarter of 2020 until such time that the Company has greater visibility into the impact that the COVID-19 outbreak will have on the Company’s tenants’ ability to continue to pay rent on their leases on a timely basis or at all, the degree to which federal, state or local governmental authorities grant rent relief or other relief or amnesty programs applicable to the Company’s tenants, the Company’s ability to access the capital markets, and on the United States and worldwide financial markets and economy. Equity Based Compensation On August 9, 2018, the Board approved the adoption of the Company’s 2018 Equity Incentive Plan (the “Plan”), under which 400,000 of the Company’s common shares were reserved for issuance and share awards of 385,000 are available for future grant as of December 31, 2019 . As of December 31, 2019 , the Company has granted awards of approximately 3,700 restricted D Shares to each of the independent members of the Board (approximately 14,600 restricted shares in aggregate) under the Plan. As of December 31, 2019 , 7,200 of the restricted D Shares had vested based on one year of continuous service. The remaining 7,400 shares issued had not been forfeited as of December 31, 2019 . The fair value of the Company’s share awards is determined using the Company’s NAV per share on the date of grant. Compensation expense related to these restricted D Shares is recognized over the vesting period. The Company recorded compensation expense of $131,000 and $33,000 for the years ended December 31, 2019 and 2018, respectively, related to these restricted D Shares, which is included in general and administrative expenses in the accompanying consolidated statements of operations. As of December 31, 2019 , there was $98,000 of total unrecognized compensation expense related to the restricted D Shares issued in 2019, which will be recognized ratably over the remaining period of service prior to October 1, 2020.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2019
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES For federal income tax purposes, distributions to stockholders are characterized as ordinary dividends, capital gain distributions, or nondividend distributions. Nondividend distributions will reduce U.S stockholders’ basis (but not below zero) in their shares. The following table shows the character of the distributions the Company paid on a percentage basis for the years ended December 31, 2019 , 2018 , and 2017 : Year Ended December 31, Character of Distributions: 2019 2018 2017 Ordinary dividends 38.9 % 52.4 % 37.3 % Nondividend distributions 43.1 % 47.6 % 62.7 % Capital gain distributions 18.0 % — % — % Total 100 % 100 % 100 % During the years ended December 31, 2019 , 2018 and 2017 , the Company incurred state and local income and franchise taxes of $214,000 , $182,000 and $201,000 , respectively, which were recorded in general and administrative expenses on the consolidated statements of operations. The Company had no unrecognized tax benefits as of or during the years ended December 31, 2019 , 2018 and 2017 . Any interest and penalties related to unrecognized tax benefits would be recognized within the provision for income taxes in the accompanying consolidated statements of operations. The Company files income tax returns in the U.S. federal jurisdiction, as well as various state jurisdictions, and is subject to routine examinations by the respective tax authorities.

LEASES

LEASES	12 Months Ended
	Dec. 31, 2019
Leases [Abstract]
LEASES	LEASES The Company’s real estate assets are leased to tenants under operating leases for which the terms, expirations and extension options vary. The Company’s operating leases do not convey to the lessee the right to purchase the underlying asset upon expiration of the lease period. To determine whether a contract contains a lease, the Company reviews contracts to determine if the agreement conveys the right to control the use of an asset. The Company adopted ASC 842, using the optional alternative transition method and used the effective date as the date of initial application. Consequently, financial information was not updated and the disclosures required under the new standard are not provided for dates and periods before January 1, 2019. The Company elected the “package of practical expedients,” which permits the Company to not reassess under the new standard prior conclusions about lease identification, lease classification and initial direct costs. The Company elected to apply the practical expedient for all of the Company’s leases to account for the lease and non-lease components as a single, combined operating lease component under ASC 842. Non-lease components primarily consist of maintenance services, including CAM, real estate taxes, insurance and utilities paid for by the lessor but consumed by the lessee. Non-lease components are considered to be variable rental and other property income and are recognized in the period incurred. As of December 31, 2019 , the leases had a weighted-average remaining term of 10.7 years . Certain leases include provisions to extend the lease agreements, options for early termination after paying a specified penalty, rights of first refusal to purchase the property at competitive market rates, and other negotiated terms and conditions. The Company retains substantially all of the risks and benefits of ownership of the real estate assets leased to tenants. The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants. As of December 31, 2019 , the future minimum rental income from the Company’s real estate assets under non-cancelable operating leases, assuming no exercise of renewal options for the succeeding five fiscal years and thereafter, was as follows (in thousands): Year Ending December 31, Future Minimum Rental Income 2020 $ 63,417 2021 64,553 2022 64,801 2023 64,250 2024 62,849 Thereafter 398,301 Total $ 718,171 As previously disclosed in the Company’s 2018 Annual Report on Form 10-K and under the previous lease accounting standard, Topic 840, the following table summarizes the future minimum rental income from the Company’s real estate assets under non-cancelable operating leases, assuming no exercise of renewal options for the succeeding five fiscal years and thereafter, as of December 31, 2018 (in thousands): Year Ending December 31, Future Minimum Rental Income 2019 $ 64,531 2020 64,887 2021 65,147 2022 65,324 2023 64,455 Thereafter 417,715 Total $ 742,059 Rental and other property income during the years ended December 31, 2019 , 2018 and 2017 consisted of the following (in thousands): Year Ended December 31, 2019 2018 2017 Fixed rental and other property income (1) $ 68,815 $ 63,669 $ 43,669 Variable rental and other property income (2) 8,791 7,109 4,356 Total rental and other property income $ 77,606 $ 70,778 $ 48,025 ______________________ (1) Consists primarily of fixed contractual payments from operating leases with tenants recognized on a straight-line basis over the lease term, including amortization of acquired above- and below-market leases. (2) Consists primarily of tenant reimbursements for recoverable real estate taxes and property operating expenses, and percentage rent, net of bad debt expense.

QUARTERLY RESULTS (UNAUDITED)

QUARTERLY RESULTS (UNAUDITED)	12 Months Ended
	Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]
QUARTERLY RESULTS (UNAUDITED)	QUARTERLY RESULTS (UNAUDITED) Presented below is a summary of the unaudited quarterly financial information for the years ended December 31, 2019 and 2018 (in thousands, except for per share amounts). In the opinion of management, the information for the interim periods presented includes all adjustments, which are of a normal and recurring nature, necessary to present a fair presentation of the results for each period. December 31, 2019 First Quarter Second Quarter Third Quarter Fourth Quarter Revenues $ 19,541 $ 19,288 $ 19,350 $ 19,633 Net income $ 1,636 $ 5,453 $ 7,678 $ 24 Net income attributable to the Company $ 1,627 $ 5,445 $ 7,669 $ 9 Basic and diluted net income per share - Class D common stock (1) $ 0.05 $ 0.16 $ 0.23 $ — Basic and diluted net income per share - Class T common stock (1) $ 0.05 $ 0.16 $ 0.22 $ — Basic and diluted net income per share - Class S common stock (1), (2) $ — $ — $ — $ 0.10 Basic and diluted net income per share - Class I common stock (1) $ 0.05 $ 0.17 $ 0.23 $ 0.01 ____________________________________ (1) The Company calculates net income per share based on the weighted-average number of outstanding shares of common stock during the reporting period. The average number of shares fluctuates throughout the year and can therefore produce a full year result that does not agree to the sum of the individual quarters. (2) The Company did not issue any Class S Shares prior to October 10, 2019. December 31, 2018 First Quarter Second Quarter Third Quarter Fourth Quarter Revenues $ 15,234 $ 17,768 $ 18,970 $ 18,940 Net income $ 1,161 $ 1,421 $ 188 $ 2,425 Net income attributable to the Company $ 1,152 $ 1,413 $ 179 $ 2,414 Basic and diluted net income per share - Class D common stock (1) $ 0.04 $ 0.05 $ 0.01 $ 0.08 Basic and diluted net income per share - Class T common stock (1) $ 0.04 $ 0.05 $ — $ 0.07 Basic and diluted net income per share - Class I common stock (1) $ 0.05 $ 0.05 $ 0.01 $ 0.08 ____________________________________ (1) The Company calculates net income per share based on the weighted-average number of outstanding shares of common stock during the reporting period. The average number of shares fluctuates throughout the year and can therefore produce a full year result that does not agree to the sum of the individual quarters.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2019
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS Subsequent to December 31, 2019, there was a global outbreak of COVID-19. The global and domestic response to the COVID-19 outbreak continues to rapidly evolve. Thus far, certain responses to the COVID-19 outbreak have included mandates from federal, state and/or local authorities that required temporary closure of or imposed limitations on the operations of certain non-essential retailers. The COVID-19 outbreak and associated responses could negatively impact future tenant sales and operations at the Company’s properties, which could result in material impact to the Company’s future results of operations, cash flows and financial condition. The Company is unable to estimate the impact the novel coronavirus will have on its financial results at this time. Disposition of Real Estate Assets Subsequent to December 31, 2019 , the Company disposed of one property for an aggregate gross sales price of $5.0 million , resulting in net proceeds of $4.8 million after closing costs, which approximated its net book value. No disposition fees were paid to CIM Income NAV Management or its affiliates in connection with the sale of this property and the Company has no continuing involvement with this property. Subscription Agreement On March 11, 2020, the general partner of CIM UII Onshore called on the Company’s subscription for $50 million of limited partnership interests in CIM UII Onshore. Change in Selling Commissions for D Shares On February 28, 2020, the Company adopted the Second Amended and Restated Multiple Class Plan to reflect the elimination of upfront selling commissions on the Company’s D Shares.

SCHEDULE III _ REAL ESTATE ASSE

SCHEDULE III – REAL ESTATE ASSETS AND ACCUMULATED DEPRECIATION	12 Months Ended
	Dec. 31, 2019
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]
SCHEDULE III - REAL ESTATE ASSETS AND ACCUMULATED DEPRECIATION	Gross Amount at Which Initial Costs to Company Total Carried At Accumulated Buildings & Adjustment December 31, 2019 Depreciation Date Date Description (a) Encumbrances Land Improvements to Basis (b) (c) (d) (e) (f) (g) Acquired Constructed Real Estate Held for Investment: 24 Hour Fitness Orlando, FL (h) $ 2,528 $ 7,272 $ — $ 9,800 $ 188 2/5/2019 2018 AAA Office Park Hamilton, NJ (h) 3,254 25,221 — 28,475 1,584 3/22/2018 2007 Advance Auto Macomb Township, MI (h) 718 1,146 — 1,864 249 12/20/2011 2009 Ravenswood, WV (h) 150 645 (137 ) 658 — 6/17/2015 1996 Sedalia, MO (h) 374 1,187 — 1,561 204 9/23/2013 2013 AK Steel West Chester, OH (h) 1,028 19,914 — 20,942 1,214 4/30/2018 2007 Algonac Plaza Algonac, MI (h) 1,097 7,718 — 8,815 1,405 8/30/2013 2002 Amcor Rigid Plastics Ames, IA $8,300 775 12,179 — 12,954 1,611 9/19/2014 1996 Apex Technologies Mason, OH (h) 997 11,657 — 12,654 746 12/19/2017 1999 Art Van Furniture Monroeville, PA (h) 1,023 9,607 — 10,630 572 11/22/2017 2004 York, PA (h) 1,720 6,628 — 8,348 411 11/22/2017 1978 AutoZone — Jesup, GA (h) 209 781 (114 ) 876 — 10/25/2016 2005 Vandalia, OH 532 778 — — 778 — 10/10/2014 2014 BioLife Plasma Services — Fort Wayne, IN 691 2,662 — 3,353 244 12/16/2016 2007 Moorhead, MN 727 3,109 — 3,836 275 12/16/2016 2008 Bob Evans Defiance, OH (h) 391 1,674 — 2,065 159 4/28/2017 2011 Dover, OH (h) 362 1,495 — 1,857 138 4/28/2017 2008 Dundee, MI (h) 403 1,438 — 1,841 126 4/28/2017 2000 Hamilton, OH (h) 393 1,305 — 1,698 122 4/28/2017 1997 Hummelstown, PA (h) 1,184 1,165 — 2,349 97 4/28/2017 1994 Mayfield Heights, OH (h) 721 919 — 1,640 87 4/28/2017 2003 Richmond, VA (h) 785 688 — 1,473 58 4/28/2017 1990 Burger King — Midwest City, OK 765 576 413 — 989 55 9/30/2014 2015 Caliber Collision — Houston, TX (h) 466 4,929 — 5,395 465 8/11/2016 2016 San Antonio, TX (h) 196 2,918 — 3,114 247 1/19/2017 1963 Venice, FL (h) 857 2,662 — 3,519 255 8/12/2016 2015 CarMax Tinley Park, IL 15,800 3,282 21,974 — 25,256 1,623 6/27/2017 1998 Carrier Rental Systems — Houston, TX 2,800 749 3,832 — 4,581 521 9/4/2014 2006 Chili’s and Petsmart Center — Panama City, FL (h) 1,371 4,411 (1,119 ) 4,663 — 12/10/2015 2005 Cottage Plaza Pawtucket, RI (h) 5,431 15,582 8 21,021 1,231 6/29/2017 2004 Gross Amount at Which Initial Costs to Company Total Carried At Accumulated Buildings & Adjustment December 31, 2019 Depreciation Date Date Description (a) Encumbrances Land Improvements to Basis (b) (c) (d) (e) (f) (g) Acquired Constructed CVS — Austin, TX $1,830 $ 1,417 $ 1,579 $ 81 $ 3,077 $ 334 12/8/2011 1997 Erie, PA (h) 1,007 1,157 63 2,227 240 12/9/2011 1999 Mansfield, OH (h) 270 1,691 81 2,042 351 12/9/2011 1998 Wisconsin Rapids, WA 1,790 517 2,148 — 2,665 336 12/13/2013 2013 DaVita Dialysis — Austell, GA (h) 581 2,359 — 2,940 342 5/6/2014 2009 Dollar General — Erie, IL (h) 67 974 — 1,041 93 6/30/2016 2016 Gladwin, MI 780 121 1,119 — 1,240 179 1/24/2014 2013 Glasford, IL (h) 167 904 — 1,071 87 6/24/2016 2016 Independence, MO 837 276 1,017 — 1,293 186 3/15/2013 2012 Lexington, MI 707 89 1,033 — 1,122 166 1/24/2014 2013 New Richland, MN (h) 173 900 — 1,073 86 6/24/2016 2016 Ocala, FL (h) 205 1,308 — 1,513 191 5/7/2014 2013 Pine River, MN (h) 230 872 — 1,102 88 4/8/2016 2016 Redfield, SD (h) 43 839 — 882 122 9/5/2014 2014 Stacy, MN 658 84 810 — 894 107 11/6/2014 2014 Starbuck, MN (h) 76 946 — 1,022 94 4/15/2016 2016 St. Joseph, MO (h) 197 972 — 1,169 176 4/2/2013 2013 Topeka, KS 794 176 882 — 1,058 126 10/22/2014 2014 Trimble, MO (h) 212 802 — 1,014 75 6/30/2016 2016 Wheaton, MN (h) 134 874 — 1,008 88 4/22/2016 2016 Winthrop, MN (h) 130 876 — 1,006 88 4/8/2016 2016 Duluth Trading Arlington, TX (h) 1,123 3,859 — 4,982 168 8/16/2018 2018 Wichita, KS 1,252 3,405 — 4,657 63 5/17/2019 2019 Enid Crossing Enid, OK 3,407 685 4,426 3 5,114 793 6/30/2014 2013 Family Dollar Centreville, AL (h) 50 1,122 — 1,172 167 4/29/2014 2013 Danville, VA (h) 228 774 — 1,002 141 6/17/2014 2013 Darby, MT 881 244 889 — 1,133 133 9/30/2014 2014 Denton, NC (h) 334 545 — 879 92 6/17/2014 2012 Deridder, LA (h) 183 746 — 929 132 9/3/2014 2014 Hampton, AR 651 131 741 — 872 137 9/15/2014 2014 Londonderry, OH (h) 65 1,078 — 1,143 180 9/3/2014 2014 Tatum, NM 700 130 805 — 935 134 3/31/2014 2014 West Portsmouth, OH (h) 214 768 — 982 109 9/23/2014 2004 FedEx Elko, NV (h) 186 2,024 — 2,210 350 5/28/2013 2012 Spirit Lake, IA (h) 115 2,501 — 2,616 401 12/12/2013 2013 Fresh Thyme Indianapolis, IN 4,470 1,074 7,452 — 8,526 556 9/26/2017 2016 Worthington, OH (h) 2,648 6,498 — 9,146 589 8/9/2016 2015 H&E Equipment Services Albuquerque, NM (h) 1,211 4,278 — 5,489 316 6/19/2018 2016 Fort Myers, FL (h) 735 3,963 — 4,698 223 6/19/2018 2016 Suwanee, GA (h) 1,020 3,505 — 4,525 175 6/19/2018 2016 Hobby Lobby Cadillac, MI (h) 480 4,382 — 4,862 220 6/22/2018 2017 Gross Amount at Which Initial Costs to Company Total Carried At Accumulated Buildings & Adjustment December 31, 2019 Depreciation Date Date Description (a) Encumbrances Land Improvements to Basis (b) (c) (d) (e) (f) (g) Acquired Constructed Hobby Lobby (continued) Sedalia, MO (h) $ 478 $ 3,976 $ — $ 4,454 $ 204 3/15/2018 2016 Watertown, SD (h) 565 4,252 — 4,817 241 2/22/2018 2016 Willmar, MN (h) 1,289 3,721 — 5,010 225 2/22/2018 2017 Jewel-Osco Spring Grove, IL (h) 739 9,530 — 10,269 309 11/14/2018 2007 Wood Dale, IL (h) 3,368 6,146 — 9,514 199 11/14/2018 1995 JOANN Roseville, MI (h) 506 2,747 — 3,253 543 9/30/2013 2013 Kloeckner University Park, IL (h) 816 11,887 — 12,703 396 11/7/2018 2016 Kum & Go Cedar Rapids, IA $1,501 630 1,679 — 2,309 297 5/3/2013 2011 LA Fitness Pawtucket, RI (h) 5,556 7,071 — 12,627 930 10/11/2016 2015 Rock Hill, SC (h) 630 7,858 — 8,488 670 4/6/2017 2015 Lowe’s Fremont, OH 5,312 1,287 7,125 278 8,690 1,346 12/11/2013 1996 North Dartmouth, MA (h) 7,334 11,976 — 19,310 1,257 1/4/2017 2004 Marshalls Wilkesboro, NC (h) 968 1,775 155 2,898 174 10/20/2016 1999 Mattress Firm Fairview Park, OH (h) 646 830 — 1,476 131 6/16/2014 2014 Gadsden, AL (h) 393 1,413 — 1,806 245 6/10/2013 2012 Mattress Firm & Panera Bread Elyria, OH (h) 1,100 2,836 — 3,936 328 4/7/2016 2015 Mister Carwash Hudson, FL (h) 1,014 843 — 1,857 69 10/19/2016 2007 Spring Hill, FL (h) 961 1,156 — 2,117 95 10/19/2016 2008 National Tire & Battery Conyers, GA 1,657 522 1,845 — 2,367 258 9/26/2014 1995 Natural Grocers Prescott, AZ 2,367 795 2,802 — 3,597 544 5/6/2013 2012 North Lake Square Gainesville, GA 13,365 1,318 22,598 — 23,916 1,618 7/26/2017 2015 Northern Tool Hoover, AK (h) 691 2,150 — 2,841 316 8/15/2014 2014 O'Reilly Auto Parts Decatur, GA (h) 491 985 — 1,476 85 9/12/2016 2007 Fayetteville, NC (h) 132 1,246 — 1,378 182 3/18/2014 2012 PetSmart Lexington, NC (h) 605 3,162 — 3,767 303 1/27/2017 2016 McAllen, TX 2,924 1,961 1,994 — 3,955 434 9/30/2014 1995 Procter & Gamble Fayetteville, AR (h) 1,757 8,663 485 10,905 454 4/2/2018 2006 Raising Canes Avondale, AZ (h) 1,435 1,857 — 3,292 261 5/23/2014 2013 Republic Services Scottsdale, AZ 10,961 32,089 2,040 45,090 428 8/16/2019 1999 Sam’s Club Timonium, MD 9,150 6,194 11,042 — 17,236 1,312 11/28/2016 2000 Sherwin-Williams Pigeon Forge, TN (h) 392 661 — 1,053 57 11/1/2016 2015 Gross Amount at Which Initial Costs to Company Total Carried At Accumulated Buildings & Adjustment December 31, 2019 Depreciation Date Date Description (a) Encumbrances Land Improvements to Basis (b) (c) (d) (e) (f) (g) Acquired Constructed Sleepy’s — Roanoke Rapids, NC (h) $ 238 $ 1,267 $ — $ 1,505 $ 146 8/17/2015 2015 Steinhafels Madison, WI 3,257 11,607 — 14,864 207 5/1/2019 1994 SuperValu Oglesby, IL (h) 1,190 14,098 — 15,288 532 7/23/2018 1996 Tailwinds Denton, TX (h) 884 7,747 — 8,631 1,036 9/30/2014 2013 Tellico Greens Loudon, TN $3,000 823 3,959 — 4,782 626 12/20/2013 2008 Tempe Commerce Tempe, AZ (h) 1,975 12,512 312 14,799 856 12/22/2017 1998 Tempe, AZ (h) 1,872 10,758 — 12,630 464 9/17/2018 1998 Teradata Miami Township, OH (h) 1,161 9,181 — 10,342 920 12/12/2016 2010 The Toro Company Windom, MN (h) 73 8,708 — 8,781 807 5/19/2016 2016 Time Warner Streetsboro, OH 3,543 811 3,849 — 4,660 538 9/30/2014 2003 Tire Centers Decatur, AL 1,311 208 1,329 — 1,537 196 10/3/2014 1998 Title Resource Group — Mt. Laurel, NJ 9,240 2,188 12,380 — 14,568 2,033 11/24/2015 2004 TJ Maxx Danville, IL (h) 271 2,528 — 2,799 499 9/23/2013 2013 Triangle Town Place Raleigh, NC 16,400 4,694 23,044 — 27,738 1,879 12/15/2016 2004 Vacant Larned, KS (h) 49 1,727 (918 ) 858 — 6/30/2014 2008 Nephi, UT (h) 180 2,872 (1,171 ) 1,881 — 3/4/2016 2015 Phoenix, AZ (h) 550 956 — 1,506 151 2/26/2014 2014 Valeo North American HQ Troy, MI (h) 1,564 11,662 — 13,226 839 2/9/2018 2000 Valeo Production Facility East Liberty, OH (h) 268 5,564 — 5,832 399 6/2/2017 2016 Valvoline HQ Lexington, KY (h) 5,204 31,112 — 36,316 1,882 3/1/2018 2017 Walgreens Coweta, OK 2,600 725 3,246 — 3,971 452 6/30/2014 2009 Reidsville, NC 3,603 610 3,801 — 4,411 789 12/8/2011 2008 St. Louis, MO 2,534 307 3,205 — 3,512 433 8/8/2014 2007 Walmart Randallstown, MD 14,250 7,748 22,021 — 29,769 1,795 5/17/2017 2012 Weasler Engineering West Bend, WI (h) 600 12,732 — 13,332 505 6/22/2018 1957 West Marine Mystic, CT (h) 1,168 3,132 — 4,300 378 9/11/2015 2014 $138,459 $ 145,668 $ 655,866 $ 47 $ 801,581 $ 54,794 ____________________________________ (a) As of December 31, 2019 , the Company owned 100 retail, six anchored shopping centers, 11 industrial and distribution and 11 office properties. (b) Consists of capital expenditures and real estate development costs, and impairment charges. (c) Gross intangible lease assets of $112.7 million and the associated accumulated amortization of $26.1 million are not reflected in the table above. (d) The aggregate cost for federal income tax purposes was approximately $807.0 million . (e) The following is a reconciliation of total real estate carrying value for the years ended December 31: 2019 2018 2017 Balance, beginning of period $ 798,969 $ 618,085 $ 406,447 Additions Acquisitions 72,371 221,951 219,584 Improvements 2,751 472 598 Total additions $ 75,122 $ 222,423 $ 220,182 Deductions Dispositions (68,722 ) (39,272 ) — Impairments (3,788 ) (2,267 ) (227 ) Reclassified to assets held for sale — — (8,317 ) Total deductions $ (72,510 ) $ (41,539 ) $ (8,544 ) Balance, end of period $ 801,581 $ 798,969 $ 618,085 (f) The following is a reconciliation of accumulated depreciation for the years ended December 31: 2019 2018 2017 Balance, beginning of period $ 41,645 $ 26,073 $ 14,768 Additions Acquisitions - depreciation expense 18,468 17,099 11,537 Improvements - depreciation expense 1,769 1,327 544 Total additions $ 20,237 $ 18,426 $ 12,081 Deductions Impairments (1,230 ) — (10 ) Dispositions (5,858 ) (2,854 ) — Reclassified to assets held for sale — — (766 ) Total deductions $ (7,088 ) $ (2,854 ) $ (776 ) Balance, end of period $ 54,794 $ 41,645 $ 26,073 (g) The Company’s assets are depreciated or amortized using the straight-line method over the useful lives of the assets by class. Generally, buildings are depreciated over 40 years , site improvements are amortized over 15 years , and tenant improvements are amortized over the remaining life of the lease or the useful life, whichever is shorter. (h) Part of the Credit Facility’s Borrowing Base. As of December 31, 2019 , the Company had $212.5 million outstanding under the Credit Facility.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
Basis of Presentation	The summary of significant accounting policies presented below is designed to assist in understanding the Company’s consolidated financial statements. These accounting policies conform to accounting principles generally accepted in the United States of America (“GAAP”) in all material respects, and have been consistently applied in preparing the accompanying consolidated financial statements.
Principles of Consolidation and Basis of Presentation	Principles of Consolidation and Basis of Presentation The accompanying consolidated financial statements include the accounts of the Company, its wholly-owned subsidiaries and the Consolidated Joint Venture in which the Company has a controlling financial interest. All intercompany balances and transactions have been eliminated in consolidation. The Company evaluates its relationships and investments to determine if it has variable interests. A variable interest is an investment or other interest that will absorb portions of an entity’s expected losses or receive portions of the entity’s expected residual returns. If the Company determines that it has a variable interest in an entity, it evaluates whether such interest is in a variable interest entity (“VIE”). VIEs are entities where investors lack sufficient equity at risk for the entity to finance its activities without additional subordinated financial support or where equity investors, as a group, lack one of the following characteristics: (a) the power to direct the activities that most significantly impact the entity’s economic performance, (b) the obligation to absorb the expected losses of the entity, or (c) the right to receive the expected returns of the entity. The Company consolidates any VIEs when it is determined to be the primary beneficiary of the VIE’s operations. For legal entities being evaluated for consolidation, the Company must first determine whether the interests that it holds and fees it receives qualify as variable interests in the entity. A variable interest is an investment or other interest that will absorb portions of an entity’s expected losses or receive portions of the entity’s expected residual returns. The Company’s evaluation includes consideration of fees paid to the Company where the Company acts as a decision maker or service provider to the entity being evaluated. If the Company determines that it holds a variable interest in an entity, it evaluates whether that entity is a VIE. A VIE must be consolidated by its primary beneficiary, which is generally defined as the party who has a controlling financial interest in the VIE. The Company qualitatively assesses whether it is (or is not) the primary beneficiary of a VIE. Consideration of various factors include, but are not limited to, the Company’s ability to direct the activities that most significantly impact the entity’s economic performance and its obligation to absorb losses from or right to receive benefits of the VIE that could potentially be significant to the VIE. The Company consolidates any VIEs when the Company is determined to be the primary beneficiary of the VIE, and the difference between consolidating the VIE and accounting for it using the equity method could be material to the Company’s consolidated financial statements. The Company continually evaluates the need to consolidate any VIEs based on standards set forth in GAAP as described above. As of December 31, 2019 and 2018 , the Company determined that it had a controlling interest in the Consolidated Joint Venture and therefore met the requirements for consolidation.
Reclassifications	Reclassifications Certain amounts in the Company’s prior period consolidated financial statements have been reclassified to conform to the current period presentation.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Real Estate Assets, Recoverability of Real Estate Assets, Assets Held for Sale and Disposition of Real Estate Assets	The assumptions and uncertainties utilized in the evaluation of the impairment of real estate assets are discussed in detail in Note 3 — Fair Value Measurements. See also Note 4 — Real Estate Assets for further discussion regarding real estate acquisition and disposition activity. The Company’s assessment of impairment as of December 31, 2019 was based on the most current information available to the Company, including expected holding periods. If the Company’s expected holding periods for assets change, subsequent tests for impairment could result in impairment charges in the future. The Company cannot provide any assurance that material impairment charges with respect to the Company’s real estate assets will not occur during 2020 or in future periods. Assets Held for Sale When a real estate asset is identified by the Company as held for sale, the Company will cease recording depreciation and amortization of the assets related to the property and estimate its fair value, net of selling costs. If, in management’s opinion, the fair value, net of selling costs, of the asset is less than the carrying amount of the asset, an adjustment to the carrying amount is then recorded to reflect the estimated fair value of the property, net of selling costs. Real Estate Assets Real estate assets are stated at cost, less accumulated depreciation and amortization. The Company considers the period of future benefit of each respective asset to determine the appropriate useful life. The estimated useful lives of the Company’s real estate assets by class are generally as follows: Buildings 40 years Site improvements 15 years Tenant improvements Lesser of useful life or lease term Intangible lease assets Lease term Recoverability of Real Estate Assets The Company continually monitors events and changes in circumstances that could indicate that the carrying amounts of its real estate assets may not be recoverable. Impairment indicators that the Company considers include, but are not limited to: bankruptcy or other credit concerns of a property’s major tenant, such as a history of late payments, rental concessions and other factors; a significant decrease in a property’s revenues due to lease terminations; vacancies; co-tenancy clauses; reduced lease rates; changes in anticipated holding periods; or other circumstances. When indicators of potential impairment are present, the Company assesses the recoverability of the assets by determining whether the carrying amount of the assets will be recovered through the undiscounted future cash flows expected from the use of the assets and their eventual disposition. In the event that such expected undiscounted future cash flows do not exceed the carrying amount, the Company will adjust the real estate assets to their respective fair values and recognize an impairment loss. Generally, fair value will be determined using a discounted cash flow analysis and recent comparable sales transactions. Disposition of Real Estate Assets Gains and losses from dispositions are recognized once the various criteria relating to the terms of sale and any subsequent involvement by the Company with the asset sold are met. A discontinued operation includes only the disposal of a component of an entity and represents a strategic shift that has (or will have) a major effect on an entity’s financial results. The disposition of the Company’s individual properties did not qualify for discontinued operations presentation, and thus, the results of the properties that have been sold remain in operating income, and any associated gains or losses from the disposition are included in gain on disposition of real estate, net.
Allocation of Purchase Price of Real Estate Assets	Allocation of Purchase Price of Real Estate Assets Upon the acquisition of real properties, the Company allocates the purchase price to acquired tangible assets, consisting of land, buildings and improvements, and to identified intangible assets and liabilities, consisting of the value of above- and below-market leases and the value of in-place leases and other intangibles, based in each case on their respective fair values. The Company utilizes independent appraisals to assist in the determination of the fair values of the tangible assets of an acquired property (which includes land and buildings). The information in the appraisal, along with any additional information available to the Company’s management, is used in estimating the amount of the purchase price that is allocated to land. Other information in the appraisal, such as building value and market rents, may be used by the Company’s management in estimating the allocation of purchase price to the building and to intangible lease assets and liabilities. The appraisal firm has no involvement in management’s allocation decisions other than providing this market information. The fair values of above- and below-market lease intangibles are recorded based on the present value (using a discount rate which reflects the risks associated with the leases acquired) of the difference between (1) the contractual amounts to be paid pursuant to the in-place leases and (2) an estimate of fair market lease rates for the corresponding in-place leases, which is generally obtained from independent appraisals, measured over a period equal to the remaining non-cancelable term of the lease including, for below-market leases, any bargain renewal periods. The above- and below-market lease intangibles are capitalized as intangible lease assets or liabilities, respectively. Above-market leases are amortized as a reduction to rental income over the remaining terms of the respective leases. Below-market leases are amortized as an increase to rental income over the remaining terms of the respective leases, including any bargain renewal periods. In considering whether or not the Company expects a tenant to execute a bargain renewal option, the Company evaluates economic factors and certain qualitative factors at the time of acquisition, such as the financial strength of the tenant, the remaining lease term, the tenant mix of the leased property, the Company’s relationship with the tenant and the availability of competing tenant space. If a lease were to be terminated prior to its stated expiration, all unamortized amounts of above- or below-market lease intangibles relating to that lease would be recorded as an adjustment to rental income. The fair values of in-place leases include estimates of direct costs associated with obtaining a new tenant and opportunity costs associated with lost rental and other property income which are avoided by acquiring a property with an in-place lease. Direct costs associated with obtaining a new tenant include leasing commissions, legal and other related expenses and are estimated in part by utilizing information obtained from independent appraisals and management’s consideration of current market costs to execute a similar lease. The intangible values of opportunity costs, which are calculated using the contractual amounts to be paid pursuant to the in-place leases over a market absorption period for a similar lease, are capitalized as intangible lease assets and are amortized to expense over the remaining term of the respective leases. If a lease were to be terminated prior to its stated expiration, all unamortized amounts of in-place lease assets relating to that lease would be expensed. The Company may acquire certain properties subject to contingent consideration arrangements that may obligate the Company to pay additional consideration to the seller based on the outcome of future events. Additionally, the Company may acquire certain properties for which it funds certain contingent consideration amounts into an escrow account pending the outcome of certain future events. The outcome may result in the release of all or a portion of the escrow funds to the Company or the seller or a combination thereof. Upon adoption of ASU 2017-01 (as defined below) in April 2017, contingent consideration arrangements for asset acquisitions are recognized when the contingency is resolved. The determination of the amount of contingent consideration arrangements is based on the probability of several possible outcomes as identified by management. The Company estimates the fair value of assumed mortgage notes payable based upon indications of current market pricing for similar types of debt financing with similar maturities. Assumed mortgage notes payable will initially be recorded at their estimated fair value as of the assumption date, and any difference between such estimated fair value and the mortgage note’s outstanding principal balance will be amortized or accreted to interest expense over the term of the respective mortgage note payable. The determination of the fair values of the real estate assets and liabilities acquired requires the use of significant assumptions with regard to the current market rental rates, rental growth rates, capitalization and discount rates, interest rates and other variables. The use of alternative estimates may result in a different allocation of the Company’s purchase price, which could materially impact the Company’s results of operations. In April 2017, the Company elected to early adopt Accounting Standards Update (“ASU”) No. 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business (“ASU 2017-01”), which clarified the definition of a business by adding guidance to assist entities in evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. Beginning in April 2017, all real estate acquisitions qualified as asset acquisitions, and as such, acquisition-related fees and certain acquisition-related expenses related to these asset acquisitions are now capitalized and allocated to tangible and intangible assets and liabilities as described above. Other acquisition-related expenses, such as advisor reimbursements, continue to be expensed as incurred and are included in transaction-related expenses in the accompanying consolidated statements of operations. Prior to the adoption of ASU 2017-01 in April 2017, all of the Company’s real estate acquisitions were accounted for as business combinations, and as such, acquisition-related expenses related to these business combination acquisitions were expensed as incurred. Prior to April 2017, acquisition-related expenses included within transaction-related expenses in the Company’s consolidated statements of operations primarily consisted of legal, deed transfer and other costs related to real estate purchase transactions, including costs incurred for deals that were not consummated. The Company expects its future acquisitions to qualify as asset acquisitions and, as such, the Company will allocate the purchase price to acquired tangible assets and identified intangible assets and liabilities on a relative fair value basis.
Investment in Marketable Securities	Investment in Marketable Securities Investment in marketable securities consists primarily of the Company ’ s investment in corporate and government debt securities. The Company determines the appropriate classification for debt securities at the time of purchase and reevaluates such designation as of each balance sheet date. As of December 31, 2019 , the Company classified its investments as available-for-sale as the Company is not actively trading the securities; however, the Company may sell them prior to their maturity. These investments are carried at their estimated fair value with unrealized gains and losses reported in other comprehensive (loss) income . The Company monitors its available-for-sale securities for impairments. A loss is recognized when the Company determines that a decline in the estimated fair value of a security below its amortized cost is other-than-temporary. The Company considers many factors in determining whether the impairment of a security is deemed to be other-than-temporary, including, but not limited to, the length of time the security has had a decline in estimated fair value below its amortized cost, the amount of the unrealized loss, the intent and ability of the Company to hold the security for a period of time sufficient for a recovery in value, recent events specific to the issuer or industry, external credit ratings and recent changes in such ratings. The analysis of determining whether the impairment of a security is deemed to be other-than-temporary requires significant judgments and assumptions. The use of alternative judgments and assumptions could result in a different conclusion. The amortized cost of debt securities is adjusted for amortization of premiums and accretion of discounts to maturity computed under the effective interest method and is recorded in the accompanying consolidated statements of operations in interest and other expense, net. Upon the sale of a security, the realized net gain or loss is computed on the specific identification method.
Noncontrolling Interest in Consolidated Joint Venture	Noncontrolling Interest in Consolidated Joint Venture The Company has a controlling interest in a Consolidated Joint Venture and, therefore, met the requirements for consolidation.
Cash and Cash Equivalents and Restricted Cash	Cash and Cash Equivalents and Restricted Cash Cash and cash equivalents include cash in bank accounts, as well as investments in highly-liquid money market funds. The Company deposits cash with several high quality financial institutions. These deposits are guaranteed by the Federal Deposit Insurance Company (“FDIC”) up to an insurance limit of $250,000. At times, the Company’s cash and cash equivalents may exceed federally insured levels. Although the Company bears risk on amounts in excess of those insured by the FDIC, it has not experienced and does not anticipate any losses due to the high quality of the institutions where the deposits are held. As part of certain debt agreements, rent from certain of the Company’s tenants is deposited directly into a lockbox account, from which funds in excess of the required minimum balance are disbursed on a weekly basis to the Company.
Deferred Financing Costs	Deferred Financing Costs Deferred financing costs represent commitment fees, legal fees and other costs associated with obtaining commitments for financing. These costs are amortized to interest expense over the terms of the respective financing agreements using the straight-line method, which approximates the effective interest method. Unamortized deferred financing costs are written off when the associated debt is extinguished or repaid prior to maturity. The presentation of all deferred financing costs, other than those associated with the revolving loan portion of the credit facility, are classified such that the debt issuance costs related to a recognized debt liability are presented on the consolidated balance sheets as a direct deduction from the carrying amount of the related debt liability rather than as an asset. Debt issuance costs related to securing a revolving line of credit are presented as an asset and amortized ratably over the term of the line of credit arrangement. As such, the Company’s current and corresponding prior period total deferred financing costs, net in the accompanying consolidated balance sheets relate only to the revolving loan portion of the credit facility and the historical presentation, amortization and treatment of unamortized costs are still applicable. Costs incurred in seeking financing transactions that do not close are expensed in the period in which it is determined the financing will not close.
Derivative Instruments and Hedging Activities	Derivative Instruments and Hedging Activities The Company accounts for its derivative instruments at fair value. Accounting for changes in the fair value of a derivative instrument depends on the intended use of the derivative instrument and the designation of the derivative instrument. The change in fair value of the derivative instrument that is designated as a hedge is recorded as other comprehensive (loss) income . The changes in fair value for derivative instruments that are not designated as hedges or that do not meet the hedge accounting criteria are recorded as a gain or loss to operations.
Due to Affiliates	Due to Affiliates CIM Income NAV Management and certain of its affiliates received, and will continue to receive, fees, reimbursements and compensation in connection with services provided relating to the Offering and the acquisition, management and performance of the Company’s assets.
Redeemable Common Stock	Redeemable Common Stock The Company has adopted a share redemption program that permits its stockholders to redeem their shares, subject to certain limitations discussed in Note 13 — Stockholders’ Equity to these consolidated financial statements. The Company records the maximum amount that is redeemable under the share redemption program as redeemable common stock outside of permanent equity on its consolidated balance sheets. Redeemable common stock is recorded at the greater of the carrying amount or redemption value each reporting period. Changes in the value from period to period are recorded as an adjustment to capital in excess of par value.
Stockholder Servicing Fee	Stockholder Servicing Fees The Company pays CCO Capital stockholder servicing fees, which are calculated on a daily basis in the amount of 1/365th of 0.25%, 0.85% and 0.85% of the per share NAV, respectively, for each class of common stock outstanding for D Shares, T Shares and S Shares. The Company does not pay a stockholder servicing fee with respect to I Shares. The stockholder servicing fees are paid monthly in arrears. An estimated liability for future stockholder servicing fees payable to CCO Capital is recognized at the time each share is sold and included in due to affiliates in the consolidated balance sheets with a corresponding decrease to capital in excess of par value. Prior to October 1, 2018, the estimated liability for fees payable included dealer manager fees.
Leases and Revenue Recognition	Leases The Company adopted ASU No. 2016-02, Leases, (Topic 842) (“ASC 842”), on January 1, 2019 using the optional alternative transition method for financial information and related disclosures. The Company elected the “package of practical expedients,” which permits the Company to not reassess under the new standard prior conclusions about lease identification, lease classification and initial direct costs. The Company has lease agreements with lease and non-lease components. The Company has elected to not separate non-lease components from lease components for all classes of underlying assets (primarily real estate assets) and will account for the combined components as rental and other property income. Non-lease components included in rental and other property income include certain tenant reimbursements for maintenance services (including common-area maintenance services or “CAM”), real estate taxes, insurance and utilities paid for by the lessor but consumed by the lessee. As a lessor, the Company has further determined that this policy will be effective only on a lease that has been classified as an operating lease and the revenue recognition pattern and timing is the same for both types of components. The Company is not party to any material leases where it is the lessee. Significant judgments and assumptions are inherent in not only determining if a contract contains a lease, but also the lease classification, terms, payments, and, if needed, discount rates. Judgments include the nature of any options, including if they will be exercised, evaluation of implicit discount rates and the assessment and consideration of “fixed” payments for straight-line rent revenue calculations. Lease costs represent the initial direct costs incurred in the origination, negotiation and processing of a lease agreement. Such costs include outside broker commissions and other independent third-party costs and are amortized over the life of the lease on a straight-line basis. Costs related to salaries and benefits, supervision, administration, unsuccessful origination efforts and other activities not directly related to completed lease agreements are expensed as incurred. Leasing commissions subsequent to successful lease execution are capitalized. Revenue Recognition Rental and other property income is primarily derived from fixed contractual payments from operating leases and, therefore, is generally recognized on a straight-line basis over the term of the lease, which typically begins the date the tenant takes control of the space. When the Company acquires a property, the terms of existing leases are considered to commence as of the acquisition date for the purpose of this calculation. Variable rental and other property income consists primarily of tenant reimbursements for recoverable real estate taxes and operating expenses, which are included in rental and other property income in the period when such costs are incurred, with offsetting expenses in real estate taxes and property operating expenses, respectively, within the consolidated statements of operations. The Company defers the recognition of variable rental and other property income, such as percentage rents, until the specific target that triggers the contingent rental income is achieved. The Company continually reviews whether collection of lease-related receivables, including any straight-line rent, and current and future operating expense reimbursements from tenants are probable. The determination of whether collectability is probable takes into consideration the tenant’s payment history, the financial condition of the tenant, business conditions in the industry in which the tenant operates and economic conditions in the area in which the property is located. Upon the determination that the collectability of a receivable is not probable, the Company will record a reduction to rental and other property income for amounts previously recorded and a decrease in the outstanding receivable. Revenue from leases where collection is deemed to be less than probable is recorded on a cash basis until collectability becomes probable. Management’s estimate of the collectability of lease-related receivables is based on the best information available to management. The Company does not use a general reserve approach and lease-related receivables are adjusted and taken against rental and other property income only when collectability becomes not probable.
Income Taxes	Income Taxes The Company elected to be taxed, and currently qualifies, as a REIT for federal income tax purposes under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended (the “Internal Revenue Code”). The Company generally is not subject to federal corporate income tax to the extent it distributes its taxable income to its stockholders, and so long as it, among other things, distributes at least 90% of its annual taxable income (computed without regard to the dividends paid deduction and excluding net capital gains). REITs are subject to a number of other organizational and operational requirements. Even if the Company maintains its qualification for taxation as a REIT, it may be subject to certain state and local taxes on its income and property, and federal income and excise taxes on its undistributed income.
Earnings and Distributions Per Share	Earnings and Distributions Per Share The Company has four classes of common stock with nonforfeitable dividend rights that are determined based on a different NAV for each class. Accordingly, the Company utilizes the two-class method to determine its earnings per share, which can result in different earnings per share for each of the classes. Under the two-class method, earnings per share of each class of common stock are computed by dividing the sum of the distributed earnings to common stockholders and undistributed earnings allocated to common stockholders by the weighted average number of shares for each class of common stock for the respective period. Diluted income per share, when applicable, considers the effect of any potentially dilutive share equivalents, of which the Company had none for each of the years ended December 31, 2019 , 2018 or 2017 . Distributions per share are calculated based on the authorized daily distribution rate.
Offering and Related Costs	Offering and Related Costs CIM Income NAV Management funds all of the organization and offering costs associated with the sale of the Company’s common stock (excluding upfront selling commissions, dealer manager fees and ongoing stockholder servicing fees) and is reimbursed for such costs up to 0.75% of gross proceeds from the Offering, excluding upfront selling commissions and dealer manager fees, as applicable, charged on D Shares, T Shares and S Shares sold in the Primary Offering. As of December 31, 2019 , CIM Income NAV Management, or its affiliates, had paid organization and offering costs in excess of the 0.75% in connection with the Offering. These excess costs were not included in the financial statements of the Company because such costs were not a liability of the Company as they exceeded 0.75% of gross proceeds from the Offering. As the Company raises additional proceeds from the Offering, these excess costs may become payable to CIM Income NAV Management.
Reportable Segments	Reportable Segments The Company’s commercial real estate assets primarily consist of single-tenant, necessity commercial properties, which are leased to creditworthy tenants under long-term net leases and provide current operating cash flow. The commercial properties are geographically diversified throughout the United States and have similar economic characteristics. The Company’s management evaluates operating performance on an overall portfolio level; therefore the Company’s properties are one reportable segment.
Recent Accounting Pronouncements	Recent Accounting Pronouncements From time to time, new accounting pronouncements are issued by various standard setting bodies that may have an impact on the Company’s accounting and reporting. Except as otherwise stated below, the Company is currently evaluating the effect that certain new accounting requirements may have on the Company’s accounting and related reporting and disclosures in the Company’s consolidated financial statements. In June 2016, the Financial Accounting Standards Board (the “FASB”) issued ASU No. 2016-13, Financial Instruments - Credit Losses (Topic 326) (“ASU 2016-13”), which was subsequently amended by ASU No. 2018-19. Codification Improvements to Topic 326, Financial Instruments - Credit Losses (“ASU 2018-19”), in November 2018. ASU 2016-13 and the related updates are intended to improve financial reporting requiring more timely recognition of credit losses on loans and other financial instruments that are not accounted for at fair value through net income, including loans held for investment, held-to-maturity debt securities, trade and other receivables, net investment in leases and other such commitments. ASU 2016-13 requires that financial assets measured at amortized cost be presented at the net amount expected to be collected, through an allowance for credit losses that is deducted from the amortized cost basis. The amendments in ASU 2016-13 require the Company to measure all expected credit losses based upon historical experience, current conditions, and reasonable and supportable forecasts that affect the collectability of the financial assets and eliminates the “incurred loss” methodology under current GAAP. ASU 2018-19 clarified that receivables arising from operating leases are not within the scope of Topic 326. Instead, impairment of receivables arising from operating leases should be accounted for in accordance with Topic 842, Leases . ASU 2016-13 and ASU 2018-19 are effective for fiscal years, and interim periods within those years, beginning after December 15, 2019. Early adoption is permitted for fiscal years, and interim periods within those years, beginning after December 15, 2018. The Company will adopt this ASU during the first quarter of fiscal year 2020 and does not expect it will have a material impact on its consolidated financial statements. In August 2018, the FASB issued ASU No. 2018-13, Changes to the Disclosure Requirements for Fair Value Measurement (“ASU 2018-13”). This ASU amends and removes several disclosure requirements including the valuation processes for Level 3 fair value measurements. ASU 2018-13 also modifies some disclosure requirements and requires additional disclosures for changes in unrealized gains and losses included in other comprehensive income for recurring Level 3 fair value measurements and requires the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements. The provisions of ASU 2018-13 are effective January 1, 2020 using a prospective transition method for amendments effecting changes in unrealized gains and losses, significant unobservable inputs used to develop Level 3 fair value measurements and narrative description on uncertainty of measurements. The remaining provisions of ASU 2018-13 are to be applied retrospectively, and early adoption is permitted. The Company will adopt this ASU during the first quarter of fiscal year 2020 and does not expect it will have a material impact on its consolidated financial statements. In October 2018, the FASB issued ASU No. 2018-16, Inclusion of the Secured Overnight Financing Rate (“SOFR”) Overnight Index Swap (“OIS”) Rate as a Benchmark Interest Rate for Hedge Accounting Purposes (“ASU 2018-16”). The amendments in this ASU permit the use of the OIS rate based on SOFR as a U.S. benchmark interest rate for hedge accounting purposes or another acceptable benchmark interest rate. The SOFR is a volume-weighted median interest rate that is calculated daily based on overnight transactions from the prior day’s activity in specified segments of the U.S. Treasury repo market. It has been selected as the preferred replacement for the U.S. dollar London Interbank Offered Rate (“LIBOR”), which will be phased out by the end of 2021. ASU 2018-16 is effective for public entities for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. ASU 2018-16 is required to be adopted on a prospective basis for qualifying new or redesignated hedging relationships entered into on or after the date of adoption. The Company currently uses LIBOR as its benchmark interest rate in the Company’s interest rate swaps associated with the Company’s LIBOR-based variable rate borrowings, including one interest rate swap agreement entered into since the date of adoption of ASU 2018-16. The Company evaluated the effect of this new benchmark interest rate option, and does not believe this ASU will have a material impact on its consolidated financial statements. In October 2018, the FASB issued ASU 2018-17, Consolidation (Topic 810): Targeted Improvements to Related Party Guidance for Variable Interest Entities . The guidance changes the guidance for determining whether a decision-making fee is a variable interest. Under the new ASU, indirect interests held through related parties under common control will now be considered on a proportional basis when determining whether fees paid to decision makers and service providers are variable interests. Such indirect interests were previously treated the same as direct interests. This ASU is effective for fiscal years beginning after December 15, 2019 and interim periods within those fiscal years. The Company is evaluating the impact of this ASU’s adoption, and does not believe this ASU will have a material impact on its consolidated financial statements.
Fair Value Measurement	GAAP defines fair value, establishes a framework for measuring fair value and requires disclosures about fair value measurements. GAAP emphasizes that fair value is intended to be a market-based measurement, as opposed to a transaction-specific measurement. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date under current market conditions. Depending on the nature of the asset or liability, various techniques and assumptions can be used to estimate the fair value. Assets and liabilities are measured using inputs from three levels of the fair value hierarchy, as follows: Level 1 — Inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date. An active market is defined as a market in which transactions for the assets or liabilities occur with sufficient frequency and volume to provide pricing information on an ongoing basis. Level 2 — Inputs include quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active (markets with few transactions), inputs other than quoted prices that are observable for the asset or liability (i.e., interest rates, yield curves, etc.), and inputs that are derived principally from or corroborated by observable market data correlation or other means (market corroborated inputs). Level 3 — Unobservable inputs, which are only used to the extent that observable inputs are not available, reflect the Company’s assumptions about the pricing of an asset or liability.
Fair Value of Financial Instruments	The following describes the methods the Company uses to estimate the fair value of the Company’s financial assets and liabilities: Credit facility and notes payable — The fair value is estimated by discounting the expected cash flows based on estimated borrowing rates available to the Company as of the measurement date. Current and prior period liabilities’ carrying and fair values exclude net deferred financing costs. These financial instruments are valued using Level 2 inputs. Marketable securities — The Company’s marketable securities are carried at fair value and are valued using Level 1 inputs. The estimated fair value of the Company’s marketable securities are based on quoted market prices that are readily and regularly available in an active market. Derivative instruments — The Company’s derivative instruments are comprised of interest rate swaps. All derivative instruments are carried at fair value and are valued using Level 2 inputs. The fair value of these instruments is determined using interest rate market pricing models. In addition, credit valuation adjustments are incorporated into the fair values to account for the Company’s potential nonperformance risk and the performance risk of the respective counterparties. Although the Company has determined that the majority of the inputs used to value its derivatives fall within Level 2 of the fair value hierarchy, the credit valuation adjustments associated with those derivatives utilize Level 3 inputs, such as estimates of current credit spreads, to evaluate the likelihood of default by the Company and its counterparties. However, as of December 31, 2019 and 2018 , the Company assessed the significance of the impact of the credit valuation adjustments on the overall valuation of its derivative positions and determined that the credit valuation adjustments are not significant to the overall valuation of the Company’s derivatives. As a result, the Company has determined that its derivative valuations in their entirety are classified in Level 2 of the fair value hierarchy. Other financial instruments — The Company considers the carrying values of its cash and cash equivalents, restricted cash, tenant receivables, accrued expenses and accounts payable , other liabilities, due to affiliates and distributions payable to approximate their fair values because of the short period of time between their origination and their expected realization as well as their highly-liquid nature. Due to the short-term maturities of these instruments, Level 1 inputs are utilized to estimate the fair value of these financial instruments. Considerable judgment is necessary to develop estimated fair values of financial assets and liabilities. Accordingly, the estimates presented herein are not necessarily indicative of the amounts the Company could realize, or be liable for, upon disposition of the financial assets and liabilities.
Environmental Matters	Environmental Matters In connection with the ownership and operation of real estate, the Company may potentially be liable for costs and damages related to environmental matters. In addition, the Company may own or acquire certain properties that are subject to environmental remediation. Generally, the seller of the property, the tenant of the property and/or another third party is responsible for environmental remediation costs related to a property. Additionally, in connection with the purchase of certain properties, the respective sellers and/or tenants may agree to indemnify the Company against future remediation costs. The Company also carries environmental liability insurance on its properties that provides limited coverage for any remediation liability and/or pollution liability for third-party bodily injury and/or property damage claims for which the Company may be liable. The Company is not aware of any environmental matters which it believes are reasonably likely to have a material effect on its results of operations, financial condition or liquidity.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
Schedule of Investment in and valuation of real estate and related assets	The estimated useful lives of the Company’s real estate assets by class are generally as follows: Buildings 40 years Site improvements 15 years Tenant improvements Lesser of useful life or lease term Intangible lease assets Lease term

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	12 Months Ended
	Dec. 31, 2019
Fair Value Disclosures [Abstract]
Schedule of fair value of company's financial assets and liabilities	In accordance with the fair value hierarchy described above, the following tables show the fair value of the Company’s financial assets and liabilities that are required to be measured at fair value on a recurring basis as of December 31, 2019 and 2018 (in thousands): Balance as of Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs December 31, 2019 (Level 1) (Level 2) (Level 3) Financial assets: Interest rate swaps $ 34 $ — $ 34 $ — Marketable securities 15,002 15,002 — — Total financial assets $ 15,036 $ 15,002 $ 34 $ — Financial liabilities: Interest rate swaps $ (4,917 ) $ — $ (4,917 ) $ — Balance as of Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs December 31, 2018 (Level 1) (Level 2) (Level 3) Financial asset: Interest rate swaps $ 2,856 $ — $ 2,856 $ — Marketable securities 5,466 5,466 — — Total financial assets $ 8,322 $ 5,466 $ 2,856 $ — Financial liabilities: Interest rate swaps $ (2,199 ) $ — $ (2,199 ) $ —
Summary of impairment charges by asset class	The following table presents the impairment charges by asset class recorded during the year ended December 31, 2019 and 2018 (in thousands): Year Ended December 31, 2019 2018 Asset class impaired: Land $ 329 $ 454 Buildings and improvements 2,227 1,000 Intangible lease assets 570 1,176 Intangible lease liabilities (36 ) (363 ) Total impairment loss $ 3,090 $ 2,267

REAL ESTATE ASSETS (Tables)

REAL ESTATE ASSETS (Tables)	12 Months Ended
	Dec. 31, 2019
Business Combinations [Abstract]
Schedule of purchase price allocation	The following table summarizes the purchase price allocation for the 2017 Business Combination Acquisitions purchased during the year ended December 31, 2017 (in thousands): 2017 Business Combinations Land $ 14,232 Building and improvements 22,292 Acquired in-place leases and other intangibles 15,911 Acquired above-market leases 1,423 Intangible lease liabilities (1,401 ) Total purchase price $ 52,457 The following table summarizes the purchase price allocations for the 2019 Asset Acquisitions purchased during the year ended December 31, 2019 (in thousands): 2019 Asset Acquisitions Land $ 17,998 Buildings and improvements 54,373 Acquired in-place leases and other intangibles (1) 6,575 Intangible lease liabilities (2) (313 ) Total purchase price $ 78,633 ______________________ (1) The weighted average amortization period for acquired in-place leases and other intangibles was 14.1 years . (2) The weighted average amortization period for acquired intangible lease liabilities was 15.0 years . The following table summarizes the purchase price allocation for the 2018 Asset Acquisitions purchased during the year ended December 31, 2018 (in thousands): 2018 Asset Acquisitions Land $ 28,293 Buildings and improvements 193,658 Acquired in-place leases and other intangibles (1) 31,279 Acquired above-market leases (2) 5,707 Intangible lease liabilities (3) (4,721 ) Total purchase price $ 254,216 ______________________ (1) The weighted average amortization period for acquired in-place leases and other intangibles was 13.7 years . (2) The weighted average amortization period for acquired above-market leases was 14.0 years . (3) The weighted average amortization period for acquired intangible lease liabilities was 17.5 years . The following table summarizes the purchase price allocation for the 2017 Asset Acquisitions purchased during the year ended December 31, 2017 (in thousands): 2017 Asset Acquisitions Land $ 30,220 Building and improvements 152,840 Acquired in-place leases and other intangibles 23,164 Acquired above-market leases 1,522 Intangible lease liabilities (6,755 ) Total purchase price $ 200,991
Schedule of asset acquisitions	The following table summarizes the consideration transferred for the properties purchased during the year ended December 31, 2017 (in thousands): 2017 Acquisitions Real estate assets: Purchase price of asset acquisitions $ 200,991 Purchase price of business combinations 52,457 Total purchase price of real estate assets acquired (1) $ 253,448 ______________________ (1) The weighted average amortization period for the 2017 Acquisitions is 12.6 years for acquired in-place leases and other intangibles, 15.7 years for acquired above-market leases and 13.8 years for acquired intangible lease liabilities.
Schedule of business acquisition, pro forma information	The table below presents the Company’s estimated revenue and net income (loss), on a pro forma basis, for the years ended December 31, 2017 and 2016 (in thousands): Year Ended December 31, 2017 December 31, 2016 Pro forma basis (unaudited): Revenue $ 48,362 $ 30,872 Net income (loss) $ 702 $ (1,805 )

INTANGIBLE LEASE ASSETS AND L_2

INTANGIBLE LEASE ASSETS AND LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of finite-lived intangible assets	Intangible lease assets and liabilities consisted of the following as of December 31, 2019 and 2018 (in thousands, except weighted average life remaining): As of December 31, 2019 2018 Intangible lease assets: In-place leases and other intangibles, net of accumulated amortization of $23,026 and $20,668, respectively (with a weighted average life remaining of 14.6 years and 13.8 years, respectively) $ 75,754 $ 91,549 Acquired above-market leases, net of accumulated amortization of $3,118 and $2,422, respectively (with a weighted average life remaining of 12.7 years and 12.6 years, respectively) 10,820 12,550 Total intangible lease assets, net $ 86,574 $ 104,099 Intangible lease liabilities: Acquired below-market leases, net of accumulated amortization of $4,111 and $3,280, respectively (with a weighted average life remaining of 20.9 years and 21.4 years, respectively) $ 13,618 $ 15,506
Schedule of amortization of below market lease	The following table summarizes the amortization related to the intangible lease assets and liabilities for the years ended December 31, 2019 , 2018 and 2017 (in thousands): Year Ended December 31, 2019 2018 2017 In-place lease and other intangible amortization $ 9,029 $ 8,971 $ 6,491 Above-market lease amortization $ 1,104 $ 959 $ 745 Below-market lease amortization $ 1,569 $ 1,501 $ 1,200
Schedule of finite-lived intangible assets amortization expense	The following table summarizes the amortization related to the intangible lease assets and liabilities for the years ended December 31, 2019 , 2018 and 2017 (in thousands): Year Ended December 31, 2019 2018 2017 In-place lease and other intangible amortization $ 9,029 $ 8,971 $ 6,491 Above-market lease amortization $ 1,104 $ 959 $ 745 Below-market lease amortization $ 1,569 $ 1,501 $ 1,200
Schedule of finite-lived intangible assets, future amortization expense	As of December 31, 2019 , the estimated amortization relating to the intangible lease assets and liabilities is as follows (in thousands): Amortization Year Ending December 31, In-Place Leases and Other Intangibles Above-Market Leases Below-Market Leases 2020 $ 7,865 $ 1,020 $ 1,409 2021 7,755 1,020 1,256 2022 7,702 1,020 1,230 2023 7,487 1,019 1,202 2024 7,120 958 1,138 Thereafter 37,825 5,783 7,383 Total $ 75,754 $ 10,820 $ 13,618
Schedule of finite-lived intangible assets, future amortization	As of December 31, 2019 , the estimated amortization relating to the intangible lease assets and liabilities is as follows (in thousands): Amortization Year Ending December 31, In-Place Leases and Other Intangibles Above-Market Leases Below-Market Leases 2020 $ 7,865 $ 1,020 $ 1,409 2021 7,755 1,020 1,256 2022 7,702 1,020 1,230 2023 7,487 1,019 1,202 2024 7,120 958 1,138 Thereafter 37,825 5,783 7,383 Total $ 75,754 $ 10,820 $ 13,618

MARKETABLE SECURITIES (Tables)

MARKETABLE SECURITIES (Tables)	12 Months Ended
	Dec. 31, 2019
Investments, Debt and Equity Securities [Abstract]
Schedule of available-for-sale securities	The following is a summary of the Company’s available-for-sale securities as of December 31, 2019 (in thousands): Available-for-sale securities Amortized Cost Basis Unrealized (Loss) Gain Fair Value U.S. Treasury Bonds $ 6,027 $ 44 $ 6,071 U.S. Agency Bonds 697 6 703 Corporate Bonds 8,105 123 8,228 Total available-for-sale securities $ 14,829 $ 173 $ 15,002
Schedule of available-for-sale securities reconciliation	The following table provides the activity for the marketable securities during the year ended December 31, 2019 (in thousands): Amortized Cost Basis Unrealized (Loss) Gain Fair Value Marketable securities as of January 1, 2019 $ 5,558 $ (92 ) $ 5,466 Face value of marketable securities acquired 9,729 — 9,729 Premiums and discounts on purchase of marketable securities, net of acquisition costs 383 — 383 Amortization on marketable securities (17 ) — (17 ) Sales and maturities of securities (824 ) 13 (811 ) Unrealized gain on marketable securities — 252 252 Marketable securities as of December 31, 2019 $ 14,829 $ 173 $ 15,002
Schedule of unrealized gain (loss) on investments	The following table shows the fair value and gross unrealized losses of the Company’s available-for-sale securities that were in a loss position as of December 31, 2019 and the length of time the available-for-sale securities have been in the unrealized loss position (in thousands): Less than 12 Months 12 Months or More Total Fair Unrealized Losses Fair Unrealized Losses Fair Unrealized Losses U.S. Treasury Bonds $ 161 $ (1 ) $ — $ — $ 161 $ (1 ) U.S. Agency Bonds — — — — — — Corporate Bonds 301 — 270 (1 ) 571 (1 ) Total temporarily impaired securities $ 462 $ (1 ) $ 270 $ (1 ) $ 732 $ (2 )
Schedule of investments classified by contractual maturity date	The scheduled maturities of the Company’s marketable securities as of December 31, 2019 are as follows (in thousands): Available-for-sale securities Amortized Cost Estimated Fair Value Due within one year $ 1,893 $ 1,895 Due after one year through five years 5,979 6,050 Due after five years through ten years 5,383 5,474 Due after ten years 1,574 1,583 Total $ 14,829 $ 15,002

DERIVATIVE INSTRUMENTS AND HE_2

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)	12 Months Ended
	Dec. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of derivative instruments	The following table summarizes the terms of the Company’s executed interest rate swap agreements designated as hedging instruments as of December 31, 2019 and 2018 (dollar amounts in thousands): Outstanding Notional Amount as of December 31, 2019 Fair Value of Assets and (Liabilities) Balance Sheet Location Interest Rates (1) Effective Dates Maturity Dates December 31, 2019 December 31, 2018 Interest Rate Swaps Prepaid expenses, interest receivable and other assets $ 49,240 3.11% 12/1/2015 12/1/2020 $ 34 $ 2,856 Interest Rate Swaps Derivative liabilities, deferred rental income and other liabilities $ 241,465 3.32% 12/16/2016 9/30/2021 $ (4,917 ) $ (2,199 ) ____________________________________ (1) The interest rates consist of the underlying index swapped to a fixed rate and the applicable interest rate spread as of December 31, 2019 .

CREDIT FACILITY AND NOTES PAY_2

CREDIT FACILITY AND NOTES PAYABLE (Tables)	12 Months Ended
	Dec. 31, 2019
Debt Disclosure [Abstract]
Schedule of debt activity	The following table summarizes the debt balances as of December 31, 2019 and 2018 , and the debt activity for the year ended December 31, 2019 (in thousands): During the Year Ended December 31, 2019 Balance as of Debt Issuances, Net (1) Repayments Amortization Balance as of Credit facility $ 218,500 $ 63,000 $ (69,000 ) $ — $ 212,500 Fixed rate debt 138,459 — — — 138,459 Total debt 356,959 63,000 (69,000 ) — 350,959 Deferred costs - credit facility (2) (1,387 ) (11 ) — 375 (1,023 ) Deferred costs - fixed rate debt (1,318 ) — — 321 (997 ) Total debt, net $ 354,254 $ 62,989 $ (69,000 ) $ 696 $ 348,939 ____________________________________ (1) Includes deferred financing costs incurred during the period. (2) Deferred costs related to the term portion of the credit facility, as discussed in Note 2 — Summary of Significant Accounting Policies.
Schedule of maturities of long-term debt	The following table summarizes the scheduled aggregate principal repayments for the Company’s outstanding debt subsequent to December 31, 2019 (in thousands): Year Ending December 31, Principal Repayments 2020 $ 9,240 2021 20,442 2022 304,327 2023 — 2024 — Thereafter 16,950 Total $ 350,959

SUPPLEMENTAL CASH FLOW DISCLO_2

SUPPLEMENTAL CASH FLOW DISCLOSURES (Tables)	12 Months Ended
	Dec. 31, 2019
Supplemental Cash Flow Elements [Abstract]
Schedule of supplemental cash flow	Supplemental cash flow disclosures for the years ended December 31, 2019 , 2018 and 2017 are as follows (in thousands): Year Ended December 31, 2019 2018 2017 Supplemental Disclosures of Non-Cash Investing and Financing Activities: Change in accrued dealer manager fee, ongoing stockholder servicing fees, and other offering costs $ 3,867 $ (2,236 ) $ 9,460 Distributions to stockholders declared and unpaid $ 2,814 $ 2,719 $ 2,126 Common stock issued through distribution reinvestment plan $ 16,201 $ 13,774 $ 10,289 Change in fair value of marketable securities $ 265 $ (85 ) $ 22 Change in fair value of interest rate swaps $ (5,540 ) $ (1,044 ) $ 2,007 Accrued deferred financing costs $ — $ 9 $ — Accrued capital expenditures $ — $ — $ 163 Supplemental Cash Flow Disclosures: Interest paid $ 14,115 $ 13,273 $ 7,864 Cash paid for taxes $ 179 $ 184 $ 194

RELATED-PARTY TRANSACTIONS AN_2

RELATED-PARTY TRANSACTIONS AND ARRANGEMENTS (Tables)	12 Months Ended
	Dec. 31, 2019
Related Party Transactions [Abstract]
Schedule of related party transactions	In connection with the Offering, CCO Capital, the Company’s dealer manager, will receive upfront selling commissions and dealer manager fees, and/or an asset-based stockholder servicing fees, as summarized in the table below for each class of common stock: Upfront Selling Commissions Dealer Manager Fees Ongoing Stockholder Servicing Fees (2) D Shares (1) 1.50 % — % 0.25 % T Shares (1) 3.00 % 0.50 % 0.85 % S Shares (1) 3.50 % — % 0.85 % I Shares — — % — ____________________________________ (1) The upfront selling commissions are based on a percentage of the transaction price, which is exclusive of the upfront selling commission, for D Shares, T Shares and S Shares. The dealer manager fee is based on a percentage of the transaction price for T Shares. Upfront selling commissions and dealer manager fees are deducted directly from the offering price for D Shares, T Shares and S Shares and paid to CCO Capital. The Company has been advised that CCO Capital intends to reallow 100% of the upfront selling commissions on D Shares, T Shares and S Shares, to participating broker-dealers and may reallow a portion of the dealer manager fee. Pursuant to a registration statement on Form S-11 effective February 28, 2020 , there will be no upfront selling commissions on D Shares. (2) The stockholder servicing fees will be calculated on a daily basis in an amount equal to 1/365th of the percentage of NAV per D Share, T Share or S Share, as applicable, for such day on a continuous basis. CCO Capital, in its sole discretion, may reallow a portion of the stockholder servicing fees to participating broker-dealers. The Company will cease paying the stockholder servicing fees with respect to any D Shares, T Shares or S Shares held in a stockholder’s account when the total upfront selling commissions, dealer manager fees and stockholder servicing fees would exceed, in the aggregate, 8.75% (or, in the case of shares sold through certain participating broker-dealers, a lower limit as set forth in any applicable agreement between our dealer manager and a participating broker-dealer) of the gross proceeds from the sale of such shares. The Company incurred commissions, fees and expense reimbursements as shown in the table below for services provided by CIM Income NAV Management and its affiliates related to the services described above during the periods indicated (in thousands): Year Ended December 31, 2019 2018 2017 Upfront selling commissions $ 1,488 $ 2,797 $ 2,964 Stockholder servicing fees (1) $ 2,910 $ 1,126 $ 592 Dealer manager fees (1) $ 267 $ 2,609 $ 2,128 Organization and offering expense reimbursement $ 830 $ 1,339 $ 1,400 Acquisition expense reimbursement $ 1,217 $ 1,722 $ 1,594 Advisory fee $ 7,902 $ 5,858 $ 4,263 Operating expense reimbursement $ 2,388 $ 2,652 $ 2,740 Performance fee $ — $ — $ 647 ______________________ (1) Amounts are calculated for the respective period in accordance with the dealer manager agreement and exclude the estimated liability for the future fees payable to CCO Capital of $13.9 million and $13.2 million as of December 31, 2019 and 2018 , respectively, which are included in due to affiliates in the consolidated balance sheets, with a corresponding decrease to capital in excess of par value, as described in Note 2 — Summary of Significant Accounting Policies.

STOCKHOLDERS' EQUITY (Tables)

STOCKHOLDERS' EQUITY (Tables)	12 Months Ended
	Dec. 31, 2019
Equity [Abstract]
Schedule of issuances and redemptions of common stock	The table below provides information regarding the issuances and redemptions of each class of the Company’s common stock during the years ended December 31, 2019 , 2018 and 2017 (dollar amounts in thousands): D Shares T Shares S Shares (1) I Shares Total Shares Par Value Shares Par Value Shares Par Value Shares Par Value Shares Par Value Balance as of January 1, 2017 12,461,616 $ 125 4,449,352 $ 45 — $ — 788,270 $ 8 17,699,238 $ 178 Issuance of common stock 5,206,244 51 4,661,884 46 — — 464,022 5 10,332,150 102 Conversion of shares (55,096 ) — — — — — 54,673 — (423 ) — Redemptions of common stock (1,775,662 ) (18 ) (318,013 ) (3 ) — — (241,733 ) (2 ) (2,335,408 ) (23 ) Balance as of December 31, 2017 15,837,102 $ 158 8,793,223 $ 88 — $ — 1,065,232 $ 11 25,695,557 $ 257 Issuance of common stock 4,853,772 48 4,719,621 47 — — 257,671 3 9,831,064 98 Conversion of shares (8,997 ) — — — — — 8,889 — (108 ) — Redemptions of common stock (1,746,560 ) (17 ) (735,522 ) (7 ) — — (172,062 ) (2 ) (2,654,144 ) (26 ) Equity-based compensation 7,212 — — — — — — — 7,212 — Balance as of December 31, 2018 18,942,529 $ 189 12,777,322 $ 128 — $ — 1,159,730 $ 12 32,879,581 $ 329 Issuance of common stock 2,670,861 27 3,471,200 35 7,031 — 109,678 1 6,258,770 $ 63 Redemptions of common stock (3,477,667 ) (35 ) (1,748,886 ) (18 ) — — (171,512 ) (2 ) (5,398,065 ) (55 ) Equity-based compensation 7,424 — — — — — — — 7,424 — Balance as of December 31, 2019 18,143,147 $ 181 14,499,636 $ 145 7,031 $ — 1,097,896 $ 11 33,747,710 $ 337 ______________________ (1) The Company did not issue any Class S Shares prior to October 10, 2019.

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Schedule of dividends and distributions	The following table shows the character of the distributions the Company paid on a percentage basis for the years ended December 31, 2019 , 2018 , and 2017 : Year Ended December 31, Character of Distributions: 2019 2018 2017 Ordinary dividends 38.9 % 52.4 % 37.3 % Nondividend distributions 43.1 % 47.6 % 62.7 % Capital gain distributions 18.0 % — % — % Total 100 % 100 % 100 %

LEASES (Tables)

LEASES (Tables)	12 Months Ended
	Dec. 31, 2019
Leases [Abstract]
Schedule of future minimum rental payments for operating leases	As of December 31, 2019 , the future minimum rental income from the Company’s real estate assets under non-cancelable operating leases, assuming no exercise of renewal options for the succeeding five fiscal years and thereafter, was as follows (in thousands): Year Ending December 31, Future Minimum Rental Income 2020 $ 63,417 2021 64,553 2022 64,801 2023 64,250 2024 62,849 Thereafter 398,301 Total $ 718,171 As previously disclosed in the Company’s 2018 Annual Report on Form 10-K and under the previous lease accounting standard, Topic 840, the following table summarizes the future minimum rental income from the Company’s real estate assets under non-cancelable operating leases, assuming no exercise of renewal options for the succeeding five fiscal years and thereafter, as of December 31, 2018 (in thousands): Year Ending December 31, Future Minimum Rental Income 2019 $ 64,531 2020 64,887 2021 65,147 2022 65,324 2023 64,455 Thereafter 417,715 Total $ 742,059
Schedule of rental and other property income	Rental and other property income during the years ended December 31, 2019 , 2018 and 2017 consisted of the following (in thousands): Year Ended December 31, 2019 2018 2017 Fixed rental and other property income (1) $ 68,815 $ 63,669 $ 43,669 Variable rental and other property income (2) 8,791 7,109 4,356 Total rental and other property income $ 77,606 $ 70,778 $ 48,025 ______________________ (1) Consists primarily of fixed contractual payments from operating leases with tenants recognized on a straight-line basis over the lease term, including amortization of acquired above- and below-market leases. (2) Consists primarily of tenant reimbursements for recoverable real estate taxes and property operating expenses, and percentage rent, net of bad debt expense.

QUARTERLY RESULTS (UNAUDITED) (

QUARTERLY RESULTS (UNAUDITED) (Tables)	12 Months Ended
	Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]
Schedule of quarterly financial information	Presented below is a summary of the unaudited quarterly financial information for the years ended December 31, 2019 and 2018 (in thousands, except for per share amounts). In the opinion of management, the information for the interim periods presented includes all adjustments, which are of a normal and recurring nature, necessary to present a fair presentation of the results for each period. December 31, 2019 First Quarter Second Quarter Third Quarter Fourth Quarter Revenues $ 19,541 $ 19,288 $ 19,350 $ 19,633 Net income $ 1,636 $ 5,453 $ 7,678 $ 24 Net income attributable to the Company $ 1,627 $ 5,445 $ 7,669 $ 9 Basic and diluted net income per share - Class D common stock (1) $ 0.05 $ 0.16 $ 0.23 $ — Basic and diluted net income per share - Class T common stock (1) $ 0.05 $ 0.16 $ 0.22 $ — Basic and diluted net income per share - Class S common stock (1), (2) $ — $ — $ — $ 0.10 Basic and diluted net income per share - Class I common stock (1) $ 0.05 $ 0.17 $ 0.23 $ 0.01 ____________________________________ (1) The Company calculates net income per share based on the weighted-average number of outstanding shares of common stock during the reporting period. The average number of shares fluctuates throughout the year and can therefore produce a full year result that does not agree to the sum of the individual quarters. (2) The Company did not issue any Class S Shares prior to October 10, 2019. December 31, 2018 First Quarter Second Quarter Third Quarter Fourth Quarter Revenues $ 15,234 $ 17,768 $ 18,970 $ 18,940 Net income $ 1,161 $ 1,421 $ 188 $ 2,425 Net income attributable to the Company $ 1,152 $ 1,413 $ 179 $ 2,414 Basic and diluted net income per share - Class D common stock (1) $ 0.04 $ 0.05 $ 0.01 $ 0.08 Basic and diluted net income per share - Class T common stock (1) $ 0.04 $ 0.05 $ — $ 0.07 Basic and diluted net income per share - Class I common stock (1) $ 0.05 $ 0.05 $ 0.01 $ 0.08 ____________________________________ (1) The Company calculates net income per share based on the weighted-average number of outstanding shares of common stock during the reporting period. The average number of shares fluctuates throughout the year and can therefore produce a full year result that does not agree to the sum of the individual quarters.

ORGANIZATION AND BUSINESS (Shar

ORGANIZATION AND BUSINESS (Shares offerings) (Details)	12 Months Ended
	Dec. 31, 2019USD ($)$ / sharesshares	Dec. 31, 2018USD ($)shares	Dec. 31, 2017USD ($)shares	Feb. 10, 2017USD ($)	Dec. 31, 2016shares	Aug. 26, 2013class_of_stock	Dec. 06, 2011USD ($)
Class of Stock [Line Items]
Common stock, shares outstanding (in shares)	46,800,000
Proceeds from issuance of common stock | $	$ 95,942,000	$ 167,608,000	$ 179,307,000
D Shares Common Stock
Class of Stock [Line Items]
Common stock, shares outstanding (in shares)	18,143,147	18,942,529
Net asset value per share (in dollars per share) | $ / shares	$ 17.71
T Shares Common Stock
Class of Stock [Line Items]
Common stock, shares outstanding (in shares)	14,499,636	12,777,322
Net asset value per share (in dollars per share) | $ / shares	$ 17.33
S Shares Common Stock
Class of Stock [Line Items]
Common stock, shares outstanding (in shares)	7,031	0
Net asset value per share (in dollars per share) | $ / shares	$ 17.34
I Shares Common Stock
Class of Stock [Line Items]
Common stock, shares outstanding (in shares)	1,097,896	1,159,730
Net asset value per share (in dollars per share) | $ / shares	$ 17.98
Common Stock
Class of Stock [Line Items]
Common stock, shares outstanding (in shares)	33,747,710	32,879,581	25,695,557		17,699,238
Common Stock | D Shares Common Stock
Class of Stock [Line Items]
Common stock, shares outstanding (in shares)	18,143,147	18,942,529	15,837,102		12,461,616
Common Stock | T Shares Common Stock
Class of Stock [Line Items]
Common stock, shares outstanding (in shares)	14,499,636	12,777,322	8,793,223		4,449,352
Common Stock | S Shares Common Stock
Class of Stock [Line Items]
Common stock, shares outstanding (in shares)	7,031	0	0		0
Common Stock | I Shares Common Stock
Class of Stock [Line Items]
Common stock, shares outstanding (in shares)	1,097,896	1,159,730	1,065,232		788,270
Initial public offering
Class of Stock [Line Items]
Common stock, value authorized | $				$ 4,000,000,000			$ 4,000,000,000
New classes of common stock registered | class_of_stock						2
Common stock, shares outstanding (in shares)	46,800,000
Initial public offering | Common Stock
Class of Stock [Line Items]
Proceeds from issuance of common stock | $	$ 844,100,000
Offering costs, selling commissions | $	23,100,000
Dealer manager and distribution fees | $	$ 6,300,000
Primary offering
Class of Stock [Line Items]
Common stock, value authorized | $				3,500,000,000
Distribution reinvestment plan
Class of Stock [Line Items]
Common stock, value authorized | $				$ 500,000,000
Common stock, shares outstanding (in shares)	2,900,000
CIM Income NAV OP
Class of Stock [Line Items]
General partner partnership interest percentage	100.00%

ORGANIZATION AND BUSINESS (Real

ORGANIZATION AND BUSINESS (Real Estate) (Details) - Consolidated properties ft² in Millions	Dec. 31, 2019ft²propertystates
Real Estate Properties [Line Items]
Number of owned properties | property	128
Net rentable square feet | ft²	5.4
Number of states in which entity owns properties | states	34
Percentage of rentable space leased	98.60%

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Reclassifications) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Lease revenue	$ 70,778	$ 48,025
Rental Revenue
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Lease revenue	63,669	43,669
Tenant Reimbursements
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Lease revenue	$ 7,109	$ 4,356

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Real Estate Investments) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)property	Dec. 31, 2018USD ($)property	Dec. 31, 2017USD ($)property
Real Estate Properties [Line Items]
Impairment charges | $	$ 3,090	$ 2,267	$ 227
Impaired property		1	1
Number of properties as held for sale	0	0
Buildings
Real Estate Properties [Line Items]
Acquired real estate asset, useful life	40 years
Site improvements
Real Estate Properties [Line Items]
Acquired real estate asset, useful life	15 years
Retail
Real Estate Properties [Line Items]
Impaired property	5
Anchored Shopping Center
Real Estate Properties [Line Items]
Impaired property	1

SUMMARY OF SIGNIFICANT ACCOUN_6

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Noncontrolling Interest in Consolidated Joint Venture) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Noncontrolling Interest [Line Items]
Net income allocated to noncontrolling interest	$ 41	$ 37	$ 35
Distributions to noncontrolling interest	68	43	49
Non controlling interest	416,766	430,090	335,446	$ 236,010
Non- Controlling Interests
Noncontrolling Interest [Line Items]
Non controlling interest	$ 739	$ 766	$ 772	$ 786

SUMMARY OF SIGNIFICANT ACCOUN_7

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Cash and Cash Equivalents and Restricted Cash) (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted cash	$ 607,000	$ 806,000	$ 1,000
Lender cash management accounts
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted cash	136,000	158,000
Escrow Tenant Improvements
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted cash	421,000	648,000
Escrow For Proceeds From Common Stock Sold
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted cash	$ 50,000	$ 0

SUMMARY OF SIGNIFICANT ACCOUN_8

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Stockholder Servicing Fees) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Class of Stock [Line Items]
Deferred costs, net	$ 672	$ 1,038
Due to affiliates	16,567	15,585
Dealer manager
Class of Stock [Line Items]
Due to affiliates	$ 13,900	$ 13,200
D Shares Common Stock | Stockholder Servicing Fees | Dealer manager
Class of Stock [Line Items]
Daily asset based related party fee percent	0.00068%
T Shares Common Stock | Stockholder Servicing Fees | Dealer manager
Class of Stock [Line Items]
Daily asset based related party fee percent	0.00233%
S Shares Common Stock | Stockholder Servicing Fees | Dealer manager
Class of Stock [Line Items]
Daily asset based related party fee percent	0.00233%

SUMMARY OF SIGNIFICANT ACCOUN_9

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Offering and related costs) (Details)	Dec. 31, 2019
Organization and offering expense reimbursement | Advisors | Maximum
Related Party Transaction
Organization and offering expense (percentage)	0.75%

SUMMARY OF SIGNIFICANT ACCOU_10

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Other Narrative) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)segmentclass_of_stock	Dec. 31, 2018USD ($)
Accounting Policies [Abstract]
Classes of Common Stock | class_of_stock	4
Stock redemption program, number of shares authorized to be repurchased, quarterly redemption percentage of net asset value limitation	10.00%
Redeemable common stock | $	$ 59,263	$ 58,902
Number of reportable segments | segment	1

FAIR VALUE MEASUREMENTS (Narrat

FAIR VALUE MEASUREMENTS (Narrative) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)property	Dec. 31, 2018USD ($)property	Dec. 31, 2017USD ($)property
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Number of impaired properties | property		1	1
Impairment charges	$ 3,090	$ 2,267	$ 227
Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Carrying value of impaired property	15,500	16,800	8,100
Carrying Amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Line of credit, fair value	351,000	357,000
Carrying value of impaired property	18,600	19,100	$ 8,300
Level 2 | Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Line of credit, fair value	$ 351,200	$ 350,200
Anchored Shopping Center
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Number of impaired properties | property	1
Retail
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Number of impaired properties | property	5

FAIR VALUE MEASUREMENTS (Schedu

FAIR VALUE MEASUREMENTS (Schedule of fair value of company's financial assets and liabilities) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	$ 15,002	$ 5,466
Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	15,002	5,466
Total financial assets	15,036	8,322
Fair Value, Measurements, Recurring | Fair value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	15,002	5,466
Total financial assets	15,002	5,466
Fair Value, Measurements, Recurring | Fair value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	0	0
Total financial assets	34	2,856
Fair Value, Measurements, Recurring | Fair value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	0	0
Total financial assets	0	0
Fair Value, Measurements, Recurring | Interest rate swaps
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate swaps	34	2,856
Interest rate swaps	(4,917)	(2,199)
Fair Value, Measurements, Recurring | Interest rate swaps | Fair value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate swaps	0	0
Interest rate swaps	0	0
Fair Value, Measurements, Recurring | Interest rate swaps | Fair value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate swaps	34	2,856
Interest rate swaps	(4,917)	(2,199)
Fair Value, Measurements, Recurring | Interest rate swaps | Fair value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate swaps	0	0
Interest rate swaps	$ 0	$ 0

FAIR VALUE MEASUREMENTS (Impair

FAIR VALUE MEASUREMENTS (Impairment Charges by Asset Class) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment charges	$ 3,090	$ 2,267	$ 227
Intangible lease liabilities	(36)	(363)
Total impairment loss	3,090	2,267
Land
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment charges	329	454
Buildings and improvements
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment charges	2,227	1,000
Intangible lease assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment charges	$ 570	$ 1,176

REAL ESTATE ASSETS (Asset Acqui

REAL ESTATE ASSETS (Asset Acquisitions Narrative) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)property	Dec. 31, 2018USD ($)property	Dec. 31, 2017USD ($)
Business Acquisition
Total purchase price	$ 914,299	$ 926,178
External acquisition-related capitalized expenses			$ 1,500
Wholly Owned Properties
Business Acquisition
Percent of assets acquired	100.00%	100.00%	100.00%
Number of properties acquired through asset acquisitions | property	4	19
Total purchase price	$ 78,633	$ 254,216	$ 200,991
External acquisition-related capitalized expenses	$ 287	$ 1,400

REAL ESTATE ASSETS (Assets and

REAL ESTATE ASSETS (Assets and Liabilities Acquired Through Asset Acquisition) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Real Estate [Line Items]
Land	$ 145,373	$ 146,675
Buildings and improvements	656,208	652,294
Intangible lease assets	112,718	127,209
Total real estate assets, at cost	$ 914,299	$ 926,178
Below market lease, weighted average useful life	20 years 10 months 25 days	21 years 4 months 24 days
Acquired in-place leases and other intangibles
Real Estate [Line Items]
Weighted average amortization period (years)	14 years 1 month 6 days	13 years 8 months 12 days	12 years 7 months 6 days
Acquired above-market leases
Real Estate [Line Items]
Weighted average amortization period (years)		14 years	15 years 8 months 12 days
Intangible lease liabilities
Real Estate [Line Items]
Intangible lease liabilities			$ (1,401)
Below market lease, weighted average useful life	15 years	17 years 6 months	13 years 9 months 18 days
Wholly Owned Properties
Real Estate [Line Items]
Land	$ 17,998	$ 28,293	$ 30,220
Buildings and improvements	54,373	193,658	152,840
Total real estate assets, at cost	78,633	254,216	200,991
Wholly Owned Properties | Acquired in-place leases and other intangibles
Real Estate [Line Items]
Intangible lease assets	6,575	31,279	23,164
Wholly Owned Properties | Acquired above-market leases
Real Estate [Line Items]
Intangible lease assets		5,707	1,522
Wholly Owned Properties | Intangible lease liabilities
Real Estate [Line Items]
Intangible lease liabilities	$ (313)	$ (4,721)	$ (6,755)

REAL ESTATE ASSETS (Property Di

REAL ESTATE ASSETS (Property Dispositions) (Details)	12 Months Ended
	Dec. 31, 2019USD ($)property	Dec. 31, 2018USD ($)property	Dec. 31, 2017USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net proceeds from disposition of real estate assets	$ 88,080,000	$ 47,660,000	$ 0
Gain on disposition of real estate, net	10,213,000	1,019,000	$ 0
Repayments of debt	$ 69,000,000
Property Disposition 2019
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of industrial properties | property	3
Gross sale price	$ 91,100,000
Net proceeds from disposition of real estate assets	88,100,000
Gain on disposition of real estate, net	10,200,000
Property Disposition 2019 | Disposition Fees Expense | Affiliated Entity
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Related party transaction, expenses from transactions with related party	$ 0
Property Disposition 2019 | Retail
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of properties disposed | property	25
Property Disposition 2018
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gross sale price		49,100,000
Net proceeds from disposition of real estate assets		36,400,000
Gain on disposition of real estate, net		1,000,000
Repayments of debt		$ 11,300,000
Property disposed held as security against fixed rate debt | property		1
Property Disposition 2018 | Disposition Fees Expense | Affiliated Entity
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Related party transaction, expenses from transactions with related party		$ 0
Property Disposition 2018 | Anchored Shopping Center
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of properties disposed | property		2
Property Disposition 2018 | Retail
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of properties disposed | property		4

REAL ESTATE ASSETS (Impairment

REAL ESTATE ASSETS (Impairment of a Property) (Details) ft² in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)ft²property	Dec. 31, 2018USD ($)ft²property	Dec. 31, 2017USD ($)property
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Number of impaired properties | property		1	1
Area of real estate property impaired | ft²	129	149
Impairment charges | $	$ 3,090	$ 2,267	$ 227
Carrying Amount
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying value of impaired property | $	18,600	19,100	8,300
Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying value of impaired property | $	$ 15,500	$ 16,800	$ 8,100
Anchored Shopping Center
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Number of impaired properties | property	1
Retail
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Number of impaired properties | property	5

REAL ESTATE ASSETS (Consolidate

REAL ESTATE ASSETS (Consolidated Joint Venture) (Details)	Dec. 31, 2019USD ($)property	Dec. 31, 2018USD ($)
Business Acquisition
Assets	$ 869,137,000	$ 885,857,000
Total liabilities	393,108,000	396,865,000
Long-term debt	348,939,000	$ 354,254,000
Consolidated joint venture
Business Acquisition
Assets	7,200,000
Accumulated depreciation, depletion and amortization, property, plant, and equipment	695,000
Total liabilities	82,000
Long-term debt	$ 0
Consolidated properties
Business Acquisition
Number of owned properties | property	128
Consolidated properties | Consolidated joint venture
Business Acquisition
Number of owned properties | property	2
Land | Consolidated joint venture
Business Acquisition
Assets	$ 7,200,000
Intangible lease assets | Consolidated joint venture
Business Acquisition
Assets	$ 641,000

REAL ESTATE ASSETS (Schedule of

REAL ESTATE ASSETS (Schedule of Property Acquisitions) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Business Acquisition
Purchase price of asset acquisitions			$ 200,991
Purchase price of business combinations			52,457
Total purchase price of real estate assets acquired			$ 253,448
Below market lease, weighted average useful life	20 years 10 months 25 days	21 years 4 months 24 days
In-place lease and other intangible amortization
Business Acquisition
Weighted average amortization period (years)	14 years 1 month 6 days	13 years 8 months 12 days	12 years 7 months 6 days
Acquired above-market leases
Business Acquisition
Weighted average amortization period (years)		14 years	15 years 8 months 12 days
Intangible lease liabilities
Business Acquisition
Below market lease, weighted average useful life	15 years	17 years 6 months	13 years 9 months 18 days

REAL ESTATE ASSETS (Business Co

REAL ESTATE ASSETS (Business Combination Narrative) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)property	Dec. 31, 2018USD ($)property	Dec. 31, 2017USD ($)property
Business Acquisition
Business acquisition, percentage of voting interests acquired			100.00%
Total purchase price of real estate assets acquired			$ 253,448
Purchase price of asset acquisitions			200,991
External acquisition-related capitalized expenses			1,500
Total purchase price			52,457
Revenue of acquiree since acquisition date			3,300
Net income (loss) of acquiree			650
Acquisition-related expenses	$ 1,233	$ 1,774	$ 2,174
2017 Acquisitions
Business Acquisition
Business acquisition, percentage of voting interests acquired			100.00%
Number of business acquisition and asset acquisition | property			31
Number of properties acquired through asset acquisitions | property			19
Number of real estate acquisitions (in number of properties) | property			12
Total purchase price of real estate assets acquired			$ 253,400
Acquisition-related expenses			$ 426
Wholly Owned Properties
Business Acquisition
Number of properties acquired through asset acquisitions | property	4	19
Percent of assets acquired	100.00%	100.00%	100.00%
External acquisition-related capitalized expenses	$ 287	$ 1,400

REAL ESTATE ASSETS (Schedule _2

REAL ESTATE ASSETS (Schedule of Business Combination Purchase Price allocation) (Details) $ in Thousands	Dec. 31, 2017USD ($)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Land	$ 14,232
Building and improvements	22,292
Total purchase price	52,457
Acquired in-place leases and other intangibles
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Intangible assets other than goodwill, acquired	15,911
Acquired above-market leases
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Intangible assets other than goodwill, acquired	1,423
Intangible lease liabilities
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Intangible lease liabilities	$ (1,401)

REAL ESTATE ASSETS (Business Ac

REAL ESTATE ASSETS (Business Acquisition, Pro Forma Information) (Details) - 2017 Acquisitions - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Pro forma basis (unaudited):
Revenue	$ 48,362	$ 30,872
Net income (loss)	$ 702	$ (1,805)

INTANGIBLE LEASE ASSETS AND L_3

INTANGIBLE LEASE ASSETS AND LIABILITIES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible lease assets	$ 86,574	$ 104,099
Intangible lease liabilities	13,618	15,506
Intangible lease assets, accumulated amortization	26,100
Below market lease, accumulated amortization	$ 4,111	$ 3,280
Below market lease, weighted average useful life	20 years 10 months 25 days	21 years 4 months 24 days
In-place leases and other intangibles
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible lease assets	$ 75,754	$ 91,549
Intangible lease assets, accumulated amortization	$ 23,026	$ 20,668
Useful life	14 years 7 months 6 days	13 years 9 months 18 days
Acquired above-market leases
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible lease assets	$ 10,820	$ 12,550
Intangible lease assets, accumulated amortization	$ 3,118	$ 2,422
Useful life	12 years 8 months 12 days	12 years 7 months 6 days

INTANGIBLE LEASE ASSETS AND L_4

INTANGIBLE LEASE ASSETS AND LIABILITIES (Amortization Expenses) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Finite-Lived Intangible Assets [Line Items]
Below-market lease amortization	$ 1,569	$ 1,501	$ 1,200
In-place leases and other intangibles
Finite-Lived Intangible Assets [Line Items]
Amortization of intangible assets	9,029	8,971	6,491
Above-market lease
Finite-Lived Intangible Assets [Line Items]
Amortization of intangible assets	$ 1,104	$ 959	$ 745

INTANGIBLE LEASE ASSETS AND L_5

INTANGIBLE LEASE ASSETS AND LIABILITIES (Estimated Amortization of Intangible lease assets) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Amortization
Total	$ 86,574	$ 104,099
Below Market Lease, Net, Amortization Income, Fiscal Year Maturity [Abstract]
2020	1,409
2021	1,256
2022	1,230
2023	1,202
2024	1,138
Thereafter	7,383
Total	13,618	15,506
In-Place Leases and Other Intangibles
Amortization
2020	7,865
2021	7,755
2022	7,702
2023	7,487
2024	7,120
Thereafter	37,825
Total	75,754	91,549
Above-Market Leases
Amortization
2020	1,020
2021	1,020
2022	1,020
2023	1,019
2024	958
Thereafter	5,783
Total	$ 10,820	$ 12,550

MARKETABLE SECURITIES (Narrativ

MARKETABLE SECURITIES (Narrative) (Details)	12 Months Ended
	Dec. 31, 2019USD ($)security	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)
Investments, Debt and Equity Securities [Abstract]
Marketable securities	$ 15,002,000	$ 5,466,000
Number of securities sold | security	17
Proceeds from sale and maturities of marketable securities	$ 811,000	$ 1,202,000	$ 1,594,000
Unrealized gain on marketable securities	252,000
Other than temporary impairment losses, investments, available-for-sale securities	$ 0

MARKETABLE SECURITIES (Schedule

MARKETABLE SECURITIES (Schedule of available for sale securities) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 14,829	$ 5,558
Unrealized (Loss) Gain	173	(92)
Fair Value	15,002	$ 5,466
U.S. Treasury Bonds
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	6,027
Unrealized (Loss) Gain	44
Fair Value	6,071
U.S. Agency Bonds
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	697
Unrealized (Loss) Gain	6
Fair Value	703
Corporate Bonds
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	8,105
Unrealized (Loss) Gain	123
Fair Value	$ 8,228

MARKETABLE SECURITIES (Schedu_2

MARKETABLE SECURITIES (Schedule of available-for-sale securities reconciliation) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Amortized Cost Basis
Marketable securities, beginning balance	$ 5,558
Face value of marketable securities acquired	9,729
Premiums and discounts on purchase of marketable securities, net of acquisition costs	383
Amortization on marketable securities	(17)
Sales and maturities of securities	(824)
Marketable securities, ending balance	14,829	$ 5,558
Unrealized (Loss) Gain
Unrealized (Loss) Gain, beginning balance	(92)
Sales and maturities of securities	13	3	$ (5)
Unrealized gain on marketable securities	252
Unrealized (Loss) Gain, ending balance	173	(92)
Fair Value
Marketable securities beginning balance	5,466
Face value of marketable securities acquired	9,729
Premiums and discounts on purchase of marketable securities, net of acquisition costs	383
Amortization on marketable securities	(17)
Sales and maturities of securities	(811)
Unrealized gain on marketable securities	252
Marketable securities ending balance	$ 15,002	$ 5,466

MARKETABLE SECURITIES (Schedu_3

MARKETABLE SECURITIES (Schedule of unrealized gain (loss) on investments) (Details) $ in Thousands	Dec. 31, 2019USD ($)
Debt Securities, Available-for-sale [Line Items]
Available-for-sale securities, continuous unrealized loss position, less than 12 Months, Fair Value	$ 462
Available-for-sale securities, continuous unrealized loss position, less than 12 Months, Unrealized Losses	(1)
Available-for-sale securities, continuous unrealized loss position, 12 Months or More, Fair Value	270
Available-for-sale securities, continuous unrealized loss position, 12 Months or More, Unrealized Losses	(1)
Available-for-sale securities, continuous unrealized loss position, Fair Value	732
Available-for-sale securities, continuous unrealized loss position, Unrealized Losses	(2)
U.S. Treasury Bonds
Debt Securities, Available-for-sale [Line Items]
Available-for-sale securities, continuous unrealized loss position, less than 12 Months, Fair Value	161
Available-for-sale securities, continuous unrealized loss position, less than 12 Months, Unrealized Losses	(1)
Available-for-sale securities, continuous unrealized loss position, 12 Months or More, Fair Value	0
Available-for-sale securities, continuous unrealized loss position, 12 Months or More, Unrealized Losses	0
Available-for-sale securities, continuous unrealized loss position, Fair Value	161
Available-for-sale securities, continuous unrealized loss position, Unrealized Losses	(1)
U.S. Agency Bonds
Debt Securities, Available-for-sale [Line Items]
Available-for-sale securities, continuous unrealized loss position, less than 12 Months, Fair Value	0
Available-for-sale securities, continuous unrealized loss position, less than 12 Months, Unrealized Losses	0
Available-for-sale securities, continuous unrealized loss position, 12 Months or More, Fair Value	0
Available-for-sale securities, continuous unrealized loss position, 12 Months or More, Unrealized Losses	0
Available-for-sale securities, continuous unrealized loss position, Fair Value	0
Available-for-sale securities, continuous unrealized loss position, Unrealized Losses	0
Corporate Bonds
Debt Securities, Available-for-sale [Line Items]
Available-for-sale securities, continuous unrealized loss position, less than 12 Months, Fair Value	301
Available-for-sale securities, continuous unrealized loss position, less than 12 Months, Unrealized Losses	0
Available-for-sale securities, continuous unrealized loss position, 12 Months or More, Fair Value	270
Available-for-sale securities, continuous unrealized loss position, 12 Months or More, Unrealized Losses	(1)
Available-for-sale securities, continuous unrealized loss position, Fair Value	571
Available-for-sale securities, continuous unrealized loss position, Unrealized Losses	$ (1)

MARKETABLE SECURITIES (Schedu_4

MARKETABLE SECURITIES (Schedule of investments classified by contractual maturity date) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Amortized Cost
Due within one year	$ 1,893
Due after one year through five years	5,979
Due after five years through ten years	5,383
Due after ten years	1,574
Amortized Cost	14,829	$ 5,558
Estimated Fair Value
Due within one year	1,895
Due after one year through five years	6,050
Due after five years through ten years	5,474
Due after ten years	1,583
Estimated Fair Value	$ 15,002	$ 5,466

DERIVATIVE INSTRUMENTS AND HE_3

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Narrative) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)swap_agreement	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)
Derivatives, Fair Value [Line Items]
Amount of gain reclassified from other comprehensive (loss) income	$ 167	$ 294
Amount of loss reclassified from other comprehensive (loss) income			$ 663
Derivative liability, event of default, termination amount	$ 5,000
Interest rate swaps
Derivatives, Fair Value [Line Items]
Number of instruments entered into | swap_agreement	1
Number of swap agreements | swap_agreement	9
Designated as Hedging Instrument | Interest rate swaps
Derivatives, Fair Value [Line Items]
Interest rate cash flow hedge gain (loss) to be reclassified during next twelve months	$ 1,700

DERIVATIVE INSTRUMENTS AND HE_4

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Schedule of derivative instruments) (Details) - Designated as Hedging Instrument - Interest rate swaps - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Prepaid expenses, interest receivable and other assets
Derivatives, Fair Value [Line Items]
Outstanding Notional Amount as of December 31, 2019	$ 49,240
Fair Value of Assets and (Liabilities)	34	$ 2,856
Derivative liabilities, deferred rental income and other liabilities
Derivatives, Fair Value [Line Items]
Outstanding Notional Amount as of December 31, 2019	241,465
Fair Value of Assets and (Liabilities)	$ (4,917)	$ (2,199)
Minimum | Prepaid expenses, interest receivable and other assets
Derivatives, Fair Value [Line Items]
Interest Rates	3.11%
Minimum | Derivative liabilities, deferred rental income and other liabilities
Derivatives, Fair Value [Line Items]
Interest Rates	3.32%
Maximum | Prepaid expenses, interest receivable and other assets
Derivatives, Fair Value [Line Items]
Interest Rates	3.57%
Maximum | Derivative liabilities, deferred rental income and other liabilities
Derivatives, Fair Value [Line Items]
Interest Rates	4.64%

CREDIT FACILITY AND NOTES PAY_3

CREDIT FACILITY AND NOTES PAYABLE (Schedule of Debt) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2019
Debt Instrument [Line Items]
Debt outstanding	$ 348,939	$ 348,939
Weighted average years to maturity	2 years 7 months 6 days
Weighted average interest rate		3.90%
Debt [Roll Forward]
Total debt, beginning balance	$ 356,959
Total debt, net, beginning of period	354,254
Debt Issuances, Net	63,000
Proceeds from debt, net of issuance costs	62,989
Repayments	(69,000)
Amortization	696
Total debt, ending balance	350,959
Total debt, net, end of period	348,939
Credit facility
Debt [Roll Forward]
Total debt, beginning balance	218,500
Deferred costs, beginning of period	(1,387)
Debt Issuances, Net	63,000
Deferred costs	(11)
Repayments	(69,000)
Amortization	375
Total debt, ending balance	212,500
Deferred costs, end of period	(1,023)
Fixed rate debt
Debt Instrument [Line Items]
Weighted average interest rate		3.91%
Debt [Roll Forward]
Total debt, beginning balance	138,459
Deferred costs, beginning of period	(1,318)
Amortization	321
Total debt, ending balance	138,459
Deferred costs, end of period	$ (997)

CREDIT FACILITY AND NOTES PAY_4

CREDIT FACILITY AND NOTES PAYABLE (Fixed rate debt) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Long-term debt	$ 350,959	$ 356,959
Weighted average interest rate	3.90%
Fixed rate debt
Debt Instrument [Line Items]
Long-term debt	$ 138,459	$ 138,459
Weighted average interest rate	3.91%
Debt security, amount, aggregate gross real estate assets net of gross Intangible lease liabilities	$ 247,900
Fixed rate debt | Minimum
Debt Instrument [Line Items]
Debt instrument, interest rate, stated percentage	3.56%
Fixed rate debt | Maximum
Debt Instrument [Line Items]
Debt instrument, interest rate, stated percentage	4.165%
Variable Rate Debt | Interest rate swaps
Debt Instrument [Line Items]
Long-term debt	$ 78,200

CREDIT FACILITY AND NOTES PAY_5

CREDIT FACILITY AND NOTES PAYABLE (Credit facility) (Details)	12 Months Ended
	Dec. 31, 2019USD ($)extension	Dec. 31, 2018USD ($)
Line of Credit Facility [Line Items]
Line of credit, amount outstanding	$ 348,939,000	$ 354,254,000
Weighted average interest rate	3.90%
Line of credit
Line of Credit Facility [Line Items]
Credit facility outstanding	$ 212,500,000
Line of credit | JPMorgan Chase Bank, N.A.
Line of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity	425,000,000
Line of credit, remaining borrowing capacity	212,500,000
Line of credit facility, covenant, minimum consolidated net worth	$ 367,100,000
Line of credit facility, covenant, minimum consolidated net worth, percentage of equity issuance	75.00%
Debt instrument, covenant, secured leverage ratio, maximum	40.00%
Debt instrument, covenant, secured recourse debt coverage ratio, maximum	15.00%
Line of credit | JPMorgan Chase Bank, N.A. | Interest rate swaps
Line of Credit Facility [Line Items]
Weighted average interest rate	3.90%
Line of credit | JPMorgan Chase Bank, N.A. | Minimum
Line of Credit Facility [Line Items]
Line of credit facility, covenant, leverage ratio	175.00%
Fixed charged coverage ratio	1.50
Line of credit | JPMorgan Chase Bank, N.A. | Maximum
Line of Credit Facility [Line Items]
Line of credit facility, covenant, leverage ratio	60.00%
Line of credit | JPMorgan Chase Bank, N.A. | Federal Funds Effective Rate
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate	0.50%
Line of credit | JPMorgan Chase Bank, N.A. | One-Month LIBOR
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate	1.00%
Line of credit | JPMorgan Chase Bank, N.A. | Revolving credit facility
Line of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity	$ 212,500,000
Number of extensions | extension	2
Length of extension option	6 months
Line of credit, amount outstanding	$ 0
Line of credit | JPMorgan Chase Bank, N.A. | Revolving credit facility | Minimum
Line of Credit Facility [Line Items]
Debt instrument, interest rate, stated percentage	0.70%
Line of credit | JPMorgan Chase Bank, N.A. | Revolving credit facility | Maximum
Line of Credit Facility [Line Items]
Debt instrument, interest rate, stated percentage	1.20%
Line of credit | JPMorgan Chase Bank, N.A. | Revolving credit facility | Statutory Reserve Rate | Minimum
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate	1.70%
Line of credit | JPMorgan Chase Bank, N.A. | Revolving credit facility | Statutory Reserve Rate | Maximum
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate	2.20%
Line of credit | JPMorgan Chase Bank, N.A. | Term Loan
Line of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity	$ 212,500,000
Line of credit, amount outstanding	$ 212,500,000
Line of credit | JPMorgan Chase Bank, N.A. | Term Loan | Interest rate swaps
Line of Credit Facility [Line Items]
Interest rate at period end	3.90%
Line of credit | JPMorgan Chase Bank, N.A. | Term Loan | Minimum
Line of Credit Facility [Line Items]
Debt instrument, interest rate, stated percentage	0.60%
Line of credit | JPMorgan Chase Bank, N.A. | Term Loan | Maximum
Line of Credit Facility [Line Items]
Debt instrument, interest rate, stated percentage	1.10%
Line of credit | JPMorgan Chase Bank, N.A. | Term Loan | Statutory Reserve Rate | Minimum
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate	1.60%
Line of credit | JPMorgan Chase Bank, N.A. | Term Loan | Statutory Reserve Rate | Maximum
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate	2.10%

CREDIT FACILITY AND NOTES PAY_6

CREDIT FACILITY AND NOTES PAYABLE (Future Debt Repayments Schedule) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Principal Repayments
2020	$ 9,240
2021	20,442
2022	304,327
2023	0
2024	0
Thereafter	16,950
Total	$ 350,959	$ 356,959

SUPPLEMENTAL CASH FLOW DISCLO_3

SUPPLEMENTAL CASH FLOW DISCLOSURES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Supplemental Disclosures of Non-Cash Investing and Financing Activities:
Change in accrued dealer manager fee, ongoing stockholder servicing fees, and other offering costs	$ 3,867	$ (2,236)	$ 9,460
Distributions to stockholders declared and unpaid	2,814	2,719	2,126
Common stock issued through distribution reinvestment plan	16,201	13,774	10,289
Change in fair value of marketable securities	265	(85)	22
Change in fair value of interest rate swaps	(5,540)	(1,044)	2,007
Accrued deferred financing costs	0	9	0
Accrued capital expenditures	0	0	163
Supplemental Cash Flow Disclosures:
Interest paid	14,115	13,273	7,864
Cash paid for taxes	$ 179	$ 184	$ 194

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details) $ in Millions	Sep. 27, 2019USD ($)
Commitments and Contingencies Disclosure [Abstract]
Subscription Agreement, limited partnership interest acquired	$ 50

RELATED-PARTY TRANSACTIONS AN_3

RELATED-PARTY TRANSACTIONS AND ARRANGEMENTS (Selling commissions, dealer manager and stockholder servicing fees) (Details) - Dealer manager	Dec. 31, 2019
Upfront selling commissions
Related Party Transaction
Related party transaction, expense reallowed, percent	100.00%
Stockholder Servicing Fees
Related Party Transaction
Termination of payments threshold, percentage of gross proceeds from shares in offering	8.75%
D Shares Common Stock | Upfront selling commissions
Related Party Transaction
Percent of transaction price	1.50%
D Shares Common Stock | Stockholder Servicing Fees
Related Party Transaction
Percent of transaction price	0.25%
Daily asset based related party fee percent	0.00068%
T Shares Common Stock | Upfront selling commissions
Related Party Transaction
Percent of transaction price	3.00%
T Shares Common Stock | Dealer Manager Fee
Related Party Transaction
Percent of transaction price	0.50%
T Shares Common Stock | Stockholder Servicing Fees
Related Party Transaction
Percent of transaction price	0.85%
Daily asset based related party fee percent	0.00233%
S Shares Common Stock | Upfront selling commissions
Related Party Transaction
Percent of transaction price	3.50%
S Shares Common Stock | Stockholder Servicing Fees
Related Party Transaction
Percent of transaction price	0.85%
Daily asset based related party fee percent	0.00233%

RELATED-PARTY TRANSACTIONS AN_4

RELATED-PARTY TRANSACTIONS AND ARRANGEMENTS (Other organization and offering expenses and Advisory fees and expenses) (Details) - Advisors	Nov. 27, 2018	Dec. 31, 2019
Advisory Fees and Expenses
Related Party Transaction
Distribution and stockholder servicing fee, percentage of net asset value, daily accrual rate	0.00301%	0.00247%
Maximum | Organization and offering expense reimbursement
Related Party Transaction
Related party transaction, expenses from transactions with related party, percentage of gross offering proceeds		0.75%

RELATED-PARTY TRANSACTIONS AN_5

RELATED-PARTY TRANSACTIONS AND ARRANGEMENTS (Operating expenses and Acquisition expenses) (Details) - Advisors	Dec. 31, 2019
Minimum | Operating expenses
Related Party Transaction
Operating expense reimbursement percent of average invested assets	2.00%
Operating expense reimbursement percent of net income	25.00%
Maximum | Acquisition expense reimbursement
Related Party Transaction
Acquisition and expenses percentage	6.00%

RELATED-PARTY TRANSACTIONS AN_6

RELATED-PARTY TRANSACTIONS AND ARRANGEMENTS (Performance Fee) (Details) - $ / shares	Dec. 31, 2019	Jan. 01, 2019	Dec. 31, 2018
D Shares Common Stock
Related Party Transaction
Share price, base net asset value (in dollars per share)	$ 15
T Shares Common Stock
Related Party Transaction
Share price, base net asset value (in dollars per share)	16.72
I Shares Common Stock
Related Party Transaction
Share price, base net asset value (in dollars per share)	$ 16.82
Minimum | Advisors | Performance fee
Related Party Transaction
Total return threshold to receive performance fee		12.50%	6.00%
Performance fee limit, hurdle amount (in percent)	5.00%
Minimum | Advisors | Operating expenses
Related Party Transaction
Operating expense reimbursement percent of net income	25.00%
Maximum | Advisors | Performance fee
Related Party Transaction
Total return threshold to receive performance fee			10.00%

RELATED-PARTY TRANSACTIONS AN_7

RELATED-PARTY TRANSACTIONS AND ARRANGEMENTS (Schedule of Related Party Transaction) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Related Party Transaction
Due to affiliates	$ 16,567	$ 15,585
Advisors | Upfront selling commissions
Related Party Transaction
Related party transaction, expenses from transactions with related party	1,488	2,797	$ 2,964
Advisors | Stockholder servicing fees
Related Party Transaction
Related party transaction, expenses from transactions with related party	2,910	1,126	592
Advisors | Dealer manager fee
Related Party Transaction
Related party transaction, expenses from transactions with related party	267	2,609	2,128
Advisors | Organization and offering expense reimbursement
Related Party Transaction
Related party transaction, expenses from transactions with related party	830	1,339	1,400
Advisors | Acquisition expense reimbursement
Related Party Transaction
Related party transaction, expenses from transactions with related party	1,217	1,722	1,594
Advisors | Advisory fee
Related Party Transaction
Related party transaction, expenses from transactions with related party	7,902	5,858	4,263
Advisors | Operating expense reimbursement
Related Party Transaction
Related party transaction, expenses from transactions with related party	2,388	2,652	2,740
Advisors | Performance fee
Related Party Transaction
Related party transaction, expenses from transactions with related party	0	0	$ 647
Dealer manager
Related Party Transaction
Due to affiliates	$ 13,900	$ 13,200

RELATED-PARTY TRANSACTIONS AN_8

RELATED-PARTY TRANSACTIONS AND ARRANGEMENTS (Due to/from Affiliates) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Related Party Transaction
Due from affiliates	$ 8	$ 112
Advisors
Related Party Transaction
Due to affiliates	16,600	15,600
Due from affiliates	$ 8	$ 112

RELATED-PARTY TRANSACTIONS AN_9

RELATED-PARTY TRANSACTIONS AND ARRANGEMENTS (Subscription Agreement) (Details) $ in Millions	Sep. 27, 2019USD ($)
Related Party Transactions [Abstract]
Subscription Agreement, limited partnership interest acquired	$ 50

STOCKHOLDERS' EQUITY (Narrative

STOCKHOLDERS' EQUITY (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Class of Stock [Line Items]
Common stock and preferred stock, shares authorized (up to, in shares)	500,000,000
Common stock, shares authorized (in shares)	490,000,000
Preferred stock, shares authorized (in shares)	10,000,000	10,000,000
Common stock, par value (in dollars per share)	$ 0.01
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Issuance of common stock (in shares)	6,300,000
Shares issued pursuant to a distribution reinvestment plan (in shares)	917,000
Issuance of common stock	$ 112,143	$ 181,382	$ 189,596
Common stock, shares outstanding (in shares)	46,800,000
Proceeds from issuance of common stock	$ 844,100
D Shares Common Stock
Class of Stock [Line Items]
Common stock, shares authorized (in shares)	122,500,000	122,500,000
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares outstanding (in shares)	18,143,147	18,942,529
T Shares Common Stock
Class of Stock [Line Items]
Common stock, shares authorized (in shares)	122,500,000	122,500,000
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares outstanding (in shares)	14,499,636	12,777,322
S Shares Common Stock
Class of Stock [Line Items]
Common stock, shares authorized (in shares)	122,500,000	122,500,000
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares outstanding (in shares)	7,031	0
I Shares Common Stock
Class of Stock [Line Items]
Common stock, shares authorized (in shares)	122,500,000	122,500,000
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares outstanding (in shares)	1,097,896	1,159,730

STOCKHOLDERS' EQUITY (Issuances

STOCKHOLDERS' EQUITY (Issuances and Redemptions of Common Stock) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance	$ 430,090	$ 335,446	$ 236,010
Issuance of common stock (in shares)	6,300,000
Issuance of common stock	$ 112,143	181,382	189,596
Redemptions of common stock	(95,388)	(48,250)	(42,296)
Equity-based compensation	$ 131	33
Balance, shares (in shares)	46,800,000
Balance	$ 416,766	$ 430,090	$ 335,446
D Shares
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance, shares (in shares)	18,942,529
Redemptions of common stock (in shares)	(3,500,000)
Redemptions of common stock	$ (61,800)
Balance, shares (in shares)	18,143,147	18,942,529
T Shares
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance, shares (in shares)	12,777,322
Balance, shares (in shares)	14,499,636	12,777,322
S Shares
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance, shares (in shares)	0
Redemptions of common stock (in shares)	0
Balance, shares (in shares)	7,031	0
I Shares
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance, shares (in shares)	1,159,730
Redemptions of common stock (in shares)	(172,000)
Redemptions of common stock	$ (3,100)
Balance, shares (in shares)	1,097,896	1,159,730
Common Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance, shares (in shares)	32,879,581	25,695,557	17,699,238
Balance	$ 329	$ 257	$ 178
Issuance of common stock (in shares)	6,258,770	9,831,064	10,332,150
Issuance of common stock	$ 63	$ 98	$ 102
Conversion of shares (in shares)		(108)	(423)
Conversion of shares		$ 0	$ 0
Redemptions of common stock (in shares)	(5,398,065)	(2,654,144)	(2,335,408)
Redemptions of common stock	$ (55)	$ (26)	$ (23)
Equity-based compensation (in shares)	7,424	7,212
Equity-based compensation	$ 0	$ 0
Balance, shares (in shares)	33,747,710	32,879,581	25,695,557
Balance	$ 337	$ 329	$ 257
Common Stock | D Shares
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance, shares (in shares)	18,942,529	15,837,102	12,461,616
Balance	$ 189	$ 158	$ 125
Issuance of common stock (in shares)	2,670,861	4,853,772	5,206,244
Issuance of common stock	$ 27	$ 48	$ 51
Conversion of shares (in shares)		(8,997)	(55,096)
Conversion of shares		$ 0	$ 0
Redemptions of common stock (in shares)	(3,477,667)	(1,746,560)	(1,775,662)
Redemptions of common stock	$ (35)	$ (17)	$ (18)
Equity-based compensation (in shares)	7,424	7,212
Equity-based compensation	$ 0	$ 0
Balance, shares (in shares)	18,143,147	18,942,529	15,837,102
Balance	$ 181	$ 189	$ 158
Common Stock | T Shares
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance, shares (in shares)	12,777,322	8,793,223	4,449,352
Balance	$ 128	$ 88	$ 45
Issuance of common stock (in shares)	3,471,200	4,719,621	4,661,884
Issuance of common stock	$ 35	$ 47	$ 46
Conversion of shares (in shares)		0	0
Conversion of shares		$ 0	$ 0
Redemptions of common stock (in shares)	(1,748,886)	(735,522)	(318,013)
Redemptions of common stock	$ (18)	$ (7)	$ (3)
Equity-based compensation (in shares)	0	0
Equity-based compensation	$ 0	$ 0
Balance, shares (in shares)	14,499,636	12,777,322	8,793,223
Balance	$ 145	$ 128	$ 88
Common Stock | S Shares
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance, shares (in shares)	0	0	0
Balance	$ 0	$ 0	$ 0
Issuance of common stock (in shares)	7,031	0	0
Issuance of common stock	$ 0	$ 0	$ 0
Conversion of shares (in shares)		0	0
Conversion of shares		$ 0	$ 0
Redemptions of common stock (in shares)	0	0	0
Redemptions of common stock	$ 0	$ 0	$ 0
Equity-based compensation (in shares)	0	0
Equity-based compensation	$ 0	$ 0
Balance, shares (in shares)	7,031	0	0
Balance	$ 0	$ 0	$ 0
Common Stock | I Shares
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance, shares (in shares)	1,159,730	1,065,232	788,270
Balance	$ 12	$ 11	$ 8
Issuance of common stock (in shares)	109,678	257,671	464,022
Issuance of common stock	$ 1	$ 3	$ 5
Conversion of shares (in shares)		8,889	54,673
Conversion of shares		$ 0	$ 0
Redemptions of common stock (in shares)	(171,512)	(172,062)	(241,733)
Redemptions of common stock	$ (2)	$ (2)	$ (2)
Equity-based compensation (in shares)	0	0
Equity-based compensation	$ 0	$ 0
Balance, shares (in shares)	1,097,896	1,159,730	1,065,232
Balance	$ 11	$ 12	$ 11

STOCKHOLDERS' EQUITY (Distribut

STOCKHOLDERS' EQUITY (Distribution Reinvestment Plan) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Class of Stock [Line Items]
Shares issued pursuant to a distribution reinvestment plan (in shares)	917,000
Common stock issued through distribution reinvestment plan	$ 16,201	$ 13,774	$ 10,289
Common Stock
Class of Stock [Line Items]
Shares issued pursuant to a distribution reinvestment plan (in shares)		758,000	569,000
Common stock issued through distribution reinvestment plan	$ 16,200	$ 13,800	$ 10,300

STOCKHOLDERS' EQUITY (Share Red

STOCKHOLDERS' EQUITY (Share Redemption Program) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Equity, Class of Treasury Stock [Line Items]
Stock redemption program, short-term trading fee, percentage of aggregate net asset value per share of common stock	5.00%
Stock redemption program, number of shares authorized to be repurchased, percentage of weighted average number of shares outstanding	5.00%
Stock redemption program, number of shares authorized to be repurchased, carryover	15.00%
Stock redemption program, number of shares authorized to be repurchased, carryover percentage quarterly net asset value limitation	10.00%
Redemption threshold	2.50%
Stock redemption program, number of shares authorized to be repurchased, carryover percentage quarterly net asset value limitation, initial percent	5.00%
Common stock, shares outstanding (in shares)	46,800,000
Redeemable common stock	$ 59,263	$ 58,902
Redemptions of common stock	$ 95,388	$ 48,250	$ 42,296
D Shares Common Stock
Equity, Class of Treasury Stock [Line Items]
Common stock, shares outstanding (in shares)	18,143,147	18,942,529
Redemptions (in shares)	3,500,000
Redemptions of common stock	$ 61,800
T Shares Common Stock
Equity, Class of Treasury Stock [Line Items]
Redemptions (in shares)	1,700,000
Redemptions of common stock	$ 30,500
I Shares Common Stock
Equity, Class of Treasury Stock [Line Items]
Common stock, shares outstanding (in shares)	1,097,896	1,159,730
Redemptions (in shares)	172,000
Redemptions of common stock	$ 3,100
S Shares
Equity, Class of Treasury Stock [Line Items]
Common stock, shares outstanding (in shares)	7,031	0
Redemptions (in shares)	0
Common Stock
Equity, Class of Treasury Stock [Line Items]
Common stock, shares outstanding (in shares)	33,747,710	32,879,581	25,695,557	17,699,238
Redemptions (in shares)	5,398,065	2,654,144	2,335,408
Redemptions of common stock	$ 55	$ 26	$ 23
Common Stock | D Shares Common Stock
Equity, Class of Treasury Stock [Line Items]
Common stock, shares outstanding (in shares)	18,143,147	18,942,529	15,837,102	12,461,616
Redemptions (in shares)	3,477,667	1,746,560	1,775,662
Redemptions of common stock	$ 35	$ 17	$ 18
Common Stock | D Shares Common Stock | Vereit Operating Partnership, L.P.
Equity, Class of Treasury Stock [Line Items]
Common stock, shares outstanding (in shares)	13,333
Common Stock | I Shares Common Stock
Equity, Class of Treasury Stock [Line Items]
Common stock, shares outstanding (in shares)	1,097,896	1,159,730	1,065,232	788,270
Redemptions (in shares)	171,512	172,062	241,733
Redemptions of common stock	$ 2	$ 2	$ 2
Common Stock | S Shares
Equity, Class of Treasury Stock [Line Items]
Common stock, shares outstanding (in shares)	7,031	0	0	0
Redemptions (in shares)	0	0	0
Redemptions of common stock	$ 0	$ 0	$ 0

STOCKHOLDERS' EQUITY (Distrib_2

STOCKHOLDERS' EQUITY (Distributions Payable and Distribution Policy) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Class of Stock [Line Items]
Distributions to stockholders declared and unpaid		$ 2,814	$ 2,719	$ 2,126
Scenario, Forecast
Class of Stock [Line Items]
Daily distributions payable (in dollars per share)	$ 0.002678083

STOCKHOLDERS' EQUITY (Equity Ba

STOCKHOLDERS' EQUITY (Equity Based Compensation) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Aug. 09, 2018
D Shares Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares vested (in shares)	7,200
Shares had not been forfeited (in shares)	7,400
Unrecognized compensation period	$ 98
CIM Income NAV, Inc. 2018 Equity Incentive Plan | D Shares Common Stock | Restricted Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grants to each of the independent members of the Board of Directors (in shares)	3,700
Grants (in shares)	14,600
Requisite continuous service period	1 year
CIM Income NAV, Inc. 2018 Equity Incentive Plan | D Shares Common Stock | Restricted Shares | General and Administrative Expense
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	$ 131	$ 33
CIM Income NAV, Inc. 2018 Equity Incentive Plan | Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares reserved for issuance (in shares)			400,000
Shares available for future grant (in shares)	385,000

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Ordinary dividends	38.90%	52.40%	37.30%
Nondividend distributions	43.10%	47.60%	62.70%
Capital gain distributions	18.00%	0.00%	0.00%
Total	100.00%	100.00%	100.00%
State and local income tax and franchise tax expense	$ 214,000	$ 182,000	$ 201,000
Unrecognized tax benefits	$ 0	$ 0	$ 0

LEASES (Non-cancelable Operatin

LEASES (Non-cancelable Operating Leases) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Leases [Abstract]
Weighted average remaining term of leases	10 years 8 months 12 days
Future Minimum Rental Income
2020	$ 63,417
2021	64,553
2022	64,801
2023	64,250
2024	62,849
Thereafter	398,301
Total	$ 718,171
Future Minimum Rental Income
2019		$ 64,531
2020		64,887
2021		65,147
2022		65,324
2023		64,455
Thereafter		417,715
Total		$ 742,059

LEASES (Rental and Other Proper

LEASES (Rental and Other Property Income) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Lessor, Lease, Description [Line Items]
Fixed rental and other property income	$ 68,815
Variable rental and other property income	8,791
Total rental and other property income	$ 77,606
Total rental and other property income		$ 70,778	$ 48,025
Rental Revenue
Lessor, Lease, Description [Line Items]
Total rental and other property income		63,669	43,669
Tenant Reimbursements
Lessor, Lease, Description [Line Items]
Total rental and other property income		$ 7,109	$ 4,356

QUARTERLY RESULTS (UNAUDITED)_2

QUARTERLY RESULTS (UNAUDITED) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Class of Stock [Line Items]
Revenues	$ 19,633	$ 19,350	$ 19,288	$ 19,541	$ 18,940	$ 18,970	$ 17,768	$ 15,234
Net income	24	7,678	5,453	1,636	2,425	188	1,421	1,161	$ 14,791	$ 5,195	$ 347
Net income attributable to the Company	$ 9	$ 7,669	$ 5,445	$ 1,627	$ 2,414	$ 179	$ 1,413	$ 1,152	14,750	5,158	312
D Shares Common Stock
Class of Stock [Line Items]
Net income attributable to the Company									$ 8,304	$ 3,165	$ 242
Basic and diluted net income per share (in dollars per share)	$ 0	$ 0.23	$ 0.16	$ 0.05	$ 0.08	$ 0.01	$ 0.05	$ 0.04	$ 0.44	$ 0.18	$ 0.02
T Shares Common Stock
Class of Stock [Line Items]
Net income attributable to the Company									$ 5,933	$ 1,794	$ 45
Basic and diluted net income per share (in dollars per share)	0	0.22	0.16	0.05	0.07	0	0.05	0.04	$ 0.42	$ 0.17	$ 0.01
S Shares Common Stock
Class of Stock [Line Items]
Net income attributable to the Company									$ 1	$ 0	$ 0
Basic and diluted net income per share (in dollars per share)	0.10	0	0	0					$ 0.84	$ 0	$ 0
I Shares Common Stock
Class of Stock [Line Items]
Net income attributable to the Company									$ 512	$ 199	$ 25
Basic and diluted net income per share (in dollars per share)	$ 0.01	$ 0.23	$ 0.17	$ 0.05	$ 0.08	$ 0.01	$ 0.05	$ 0.05	$ 0.46	$ 0.19	$ 0.03

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details)	Mar. 11, 2020USD ($)	Sep. 27, 2019USD ($)	Mar. 27, 2020USD ($)property	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)
Subsequent Event [Line Items]
Net proceeds from disposition of real estate assets				$ 88,080,000	$ 47,660,000	$ 0
Subscription Agreement, limited partnership interest acquired		$ 50,000,000
Subsequent event
Subsequent Event [Line Items]
Number of properties disposed | property			1
Total sale price			$ 5,000,000
Net proceeds from disposition of real estate assets			4,800,000
Subscription Agreement, limited partnership interest acquired	$ 50,000,000
Affiliated Entity | Disposition Fees Expense | Subsequent event
Subsequent Event [Line Items]
Related party transaction, expenses from transactions with related party			$ 0

SCHEDULE III _ REAL ESTATE AS_2

SCHEDULE III – REAL ESTATE ASSETS AND ACCUMULATED DEPRECIATION (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)property	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 138,459
Initial Costs to Company
Land	145,668
Buildings and Improvements	655,866
Total Adjustment to Basis	47
Gross Amount at Which Carried At December 31, 2019	801,581	$ 798,969	$ 618,085	$ 406,447
Accumulated Depreciation	54,794	41,645	$ 26,073	$ 14,768
Intangible lease assets	112,718	$ 127,209
Intangible lease assets, accumulated amortization	26,100
Property, plant, and equipment, land and real estate assets, aggregate tax basis	807,000
Line of credit
Initial Costs to Company
Credit facility outstanding	$ 212,500
Buildings
Initial Costs to Company
Acquired real estate asset, useful life	40 years
Site improvements
Initial Costs to Company
Acquired real estate asset, useful life	15 years
24 Hour Fitness | Orlando, FL
Initial Costs to Company
Land	$ 2,528
Buildings and Improvements	7,272
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	9,800
Accumulated Depreciation	188
AAA Office Park | Hamilton, NJ
Initial Costs to Company
Land	3,254
Buildings and Improvements	25,221
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	28,475
Accumulated Depreciation	1,584
Advance Auto | Macomb Township, MI
Initial Costs to Company
Land	718
Buildings and Improvements	1,146
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	1,864
Accumulated Depreciation	249
Advance Auto | Ravenswood, WV
Initial Costs to Company
Land	150
Buildings and Improvements	645
Total Adjustment to Basis	(137)
Gross Amount at Which Carried At December 31, 2019	658
Accumulated Depreciation	0
Advance Auto | Sedalia, MO
Initial Costs to Company
Land	374
Buildings and Improvements	1,187
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	1,561
Accumulated Depreciation	204
AK Steel | West Chester, OH
Initial Costs to Company
Land	1,028
Buildings and Improvements	19,914
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	20,942
Accumulated Depreciation	1,214
Algonac Plaza | Algonac, MI
Initial Costs to Company
Land	1,097
Buildings and Improvements	7,718
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	8,815
Accumulated Depreciation	1,405
Amcor Rigid Plastics | Ames, IA
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	8,300
Initial Costs to Company
Land	775
Buildings and Improvements	12,179
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	12,954
Accumulated Depreciation	1,611
Apex Technologies | Mason, OH
Initial Costs to Company
Land	997
Buildings and Improvements	11,657
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	12,654
Accumulated Depreciation	746
Art Van Furniture | Monroeville, PA
Initial Costs to Company
Land	1,023
Buildings and Improvements	9,607
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	10,630
Accumulated Depreciation	572
Art Van Furniture | York, PA
Initial Costs to Company
Land	1,720
Buildings and Improvements	6,628
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	8,348
Accumulated Depreciation	411
AutoZone | Jesup, GA
Initial Costs to Company
Land	209
Buildings and Improvements	781
Total Adjustment to Basis	(114)
Gross Amount at Which Carried At December 31, 2019	876
Accumulated Depreciation	0
AutoZone | Vandalia, OH
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	532
Initial Costs to Company
Land	778
Buildings and Improvements	0
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	778
Accumulated Depreciation	0
BioLife Plasma Services | Fort Wayne, IN
Initial Costs to Company
Land	691
Buildings and Improvements	2,662
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	3,353
Accumulated Depreciation	244
BioLife Plasma Services | Moorhead, MN
Initial Costs to Company
Land	727
Buildings and Improvements	3,109
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	3,836
Accumulated Depreciation	275
Bob Evans | Defiance, OH
Initial Costs to Company
Land	391
Buildings and Improvements	1,674
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	2,065
Accumulated Depreciation	159
Bob Evans | Dover, OH
Initial Costs to Company
Land	362
Buildings and Improvements	1,495
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	1,857
Accumulated Depreciation	138
Bob Evans | Dundee, MI
Initial Costs to Company
Land	403
Buildings and Improvements	1,438
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	1,841
Accumulated Depreciation	126
Bob Evans | Hamilton, OH
Initial Costs to Company
Land	393
Buildings and Improvements	1,305
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	1,698
Accumulated Depreciation	122
Bob Evans | Hummelstown, PA
Initial Costs to Company
Land	1,184
Buildings and Improvements	1,165
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	2,349
Accumulated Depreciation	97
Bob Evans | Mayfield Heights, OH
Initial Costs to Company
Land	721
Buildings and Improvements	919
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	1,640
Accumulated Depreciation	87
Bob Evans | Richmond, VA
Initial Costs to Company
Land	785
Buildings and Improvements	688
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	1,473
Accumulated Depreciation	58
Burger King | Midwest City, OK
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	765
Initial Costs to Company
Land	576
Buildings and Improvements	413
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	989
Accumulated Depreciation	55
Caliber Collision | Houston, TX
Initial Costs to Company
Land	466
Buildings and Improvements	4,929
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	5,395
Accumulated Depreciation	465
Caliber Collision | San Antonio, TX
Initial Costs to Company
Land	196
Buildings and Improvements	2,918
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	3,114
Accumulated Depreciation	247
Caliber Collision | Venice, FL
Initial Costs to Company
Land	857
Buildings and Improvements	2,662
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	3,519
Accumulated Depreciation	255
CarMax | Tinley Park, IL
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	15,800
Initial Costs to Company
Land	3,282
Buildings and Improvements	21,974
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	25,256
Accumulated Depreciation	1,623
Carrier Rental Systems | Houston, TX
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	2,800
Initial Costs to Company
Land	749
Buildings and Improvements	3,832
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	4,581
Accumulated Depreciation	521
Chili’s and Petsmart Center | Panama City, FL
Initial Costs to Company
Land	1,371
Buildings and Improvements	4,411
Total Adjustment to Basis	(1,119)
Gross Amount at Which Carried At December 31, 2019	4,663
Accumulated Depreciation	0
Cottage Plaza | Pawtucket, RI
Initial Costs to Company
Land	5,431
Buildings and Improvements	15,582
Total Adjustment to Basis	8
Gross Amount at Which Carried At December 31, 2019	21,021
Accumulated Depreciation	1,231
CVS | Austin, TX
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	1,830
Initial Costs to Company
Land	1,417
Buildings and Improvements	1,579
Total Adjustment to Basis	81
Gross Amount at Which Carried At December 31, 2019	3,077
Accumulated Depreciation	334
CVS | Erie, PA
Initial Costs to Company
Land	1,007
Buildings and Improvements	1,157
Total Adjustment to Basis	63
Gross Amount at Which Carried At December 31, 2019	2,227
Accumulated Depreciation	240
CVS | Mansfield, OH
Initial Costs to Company
Land	270
Buildings and Improvements	1,691
Total Adjustment to Basis	81
Gross Amount at Which Carried At December 31, 2019	2,042
Accumulated Depreciation	351
CVS | Wisconsin Rapids, WA
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	1,790
Initial Costs to Company
Land	517
Buildings and Improvements	2,148
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	2,665
Accumulated Depreciation	336
DaVita Dialysis | Austell, GA
Initial Costs to Company
Land	581
Buildings and Improvements	2,359
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	2,940
Accumulated Depreciation	342
Dollar General | Erie, IL
Initial Costs to Company
Land	67
Buildings and Improvements	974
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	1,041
Accumulated Depreciation	93
Dollar General | Gladwin, MI
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	780
Initial Costs to Company
Land	121
Buildings and Improvements	1,119
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	1,240
Accumulated Depreciation	179
Dollar General | Glasford, IL
Initial Costs to Company
Land	167
Buildings and Improvements	904
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	1,071
Accumulated Depreciation	87
Dollar General | Independence, MO
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	837
Initial Costs to Company
Land	276
Buildings and Improvements	1,017
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	1,293
Accumulated Depreciation	186
Dollar General | Lexington, MI
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	707
Initial Costs to Company
Land	89
Buildings and Improvements	1,033
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	1,122
Accumulated Depreciation	166
Dollar General | New Richland, MN
Initial Costs to Company
Land	173
Buildings and Improvements	900
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	1,073
Accumulated Depreciation	86
Dollar General | Ocala, FL
Initial Costs to Company
Land	205
Buildings and Improvements	1,308
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	1,513
Accumulated Depreciation	191
Dollar General | Pine River, MN
Initial Costs to Company
Land	230
Buildings and Improvements	872
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	1,102
Accumulated Depreciation	88
Dollar General | Redfield, SD
Initial Costs to Company
Land	43
Buildings and Improvements	839
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	882
Accumulated Depreciation	122
Dollar General | Stacy, MN
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	658
Initial Costs to Company
Land	84
Buildings and Improvements	810
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	894
Accumulated Depreciation	107
Dollar General | Starbuck, MN
Initial Costs to Company
Land	76
Buildings and Improvements	946
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	1,022
Accumulated Depreciation	94
Dollar General | St. Joseph, MO
Initial Costs to Company
Land	197
Buildings and Improvements	972
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	1,169
Accumulated Depreciation	176
Dollar General | Topeka, KS
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	794
Initial Costs to Company
Land	176
Buildings and Improvements	882
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	1,058
Accumulated Depreciation	126
Dollar General | Trimble, MO
Initial Costs to Company
Land	212
Buildings and Improvements	802
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	1,014
Accumulated Depreciation	75
Dollar General | Wheaton, MN
Initial Costs to Company
Land	134
Buildings and Improvements	874
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	1,008
Accumulated Depreciation	88
Dollar General | Winthrop, MN
Initial Costs to Company
Land	130
Buildings and Improvements	876
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	1,006
Accumulated Depreciation	88
Duluth Trading | Arlington, TX
Initial Costs to Company
Land	1,123
Buildings and Improvements	3,859
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	4,982
Accumulated Depreciation	168
Duluth Trading | Wichita, KS
Initial Costs to Company
Land	1,252
Buildings and Improvements	3,405
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	4,657
Accumulated Depreciation	63
Enid Crossing | Enid, OK
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	3,407
Initial Costs to Company
Land	685
Buildings and Improvements	4,426
Total Adjustment to Basis	3
Gross Amount at Which Carried At December 31, 2019	5,114
Accumulated Depreciation	793
Family Dollar | Centreville, AL
Initial Costs to Company
Land	50
Buildings and Improvements	1,122
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	1,172
Accumulated Depreciation	167
Family Dollar | Danville, VA
Initial Costs to Company
Land	228
Buildings and Improvements	774
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	1,002
Accumulated Depreciation	141
Family Dollar | Darby, MT
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	881
Initial Costs to Company
Land	244
Buildings and Improvements	889
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	1,133
Accumulated Depreciation	133
Family Dollar | Denton, NC
Initial Costs to Company
Land	334
Buildings and Improvements	545
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	879
Accumulated Depreciation	92
Family Dollar | Deridder, LA
Initial Costs to Company
Land	183
Buildings and Improvements	746
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	929
Accumulated Depreciation	132
Family Dollar | Hampton, AR
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	651
Initial Costs to Company
Land	131
Buildings and Improvements	741
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	872
Accumulated Depreciation	137
Family Dollar | Londonderry, OH
Initial Costs to Company
Land	65
Buildings and Improvements	1,078
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	1,143
Accumulated Depreciation	180
Family Dollar | Tatum, NM
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	700
Initial Costs to Company
Land	130
Buildings and Improvements	805
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	935
Accumulated Depreciation	134
Family Dollar | West Portsmouth, OH
Initial Costs to Company
Land	214
Buildings and Improvements	768
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	982
Accumulated Depreciation	109
FedEx | Elko, NV
Initial Costs to Company
Land	186
Buildings and Improvements	2,024
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	2,210
Accumulated Depreciation	350
FedEx | Spirit Lake, IA
Initial Costs to Company
Land	115
Buildings and Improvements	2,501
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	2,616
Accumulated Depreciation	401
Fresh Thyme | Indianapolis, IN
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	4,470
Initial Costs to Company
Land	1,074
Buildings and Improvements	7,452
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	8,526
Accumulated Depreciation	556
Fresh Thyme | Worthington, OH
Initial Costs to Company
Land	2,648
Buildings and Improvements	6,498
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	9,146
Accumulated Depreciation	589
H&E Equipment Services | Albuquerque, NM
Initial Costs to Company
Land	1,211
Buildings and Improvements	4,278
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	5,489
Accumulated Depreciation	316
H&E Equipment Services | Fort Myers, FL
Initial Costs to Company
Land	735
Buildings and Improvements	3,963
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	4,698
Accumulated Depreciation	223
H&E Equipment Services | Suwanee, GA
Initial Costs to Company
Land	1,020
Buildings and Improvements	3,505
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	4,525
Accumulated Depreciation	175
Hobby Lobby | Sedalia, MO
Initial Costs to Company
Land	478
Buildings and Improvements	3,976
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	4,454
Accumulated Depreciation	204
Hobby Lobby | Cadillac, MI
Initial Costs to Company
Land	480
Buildings and Improvements	4,382
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	4,862
Accumulated Depreciation	220
Hobby Lobby | Watertown, SD
Initial Costs to Company
Land	565
Buildings and Improvements	4,252
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	4,817
Accumulated Depreciation	241
Hobby Lobby | Willmar, MN
Initial Costs to Company
Land	1,289
Buildings and Improvements	3,721
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	5,010
Accumulated Depreciation	225
Jewel-Osco | Spring Grove, IL
Initial Costs to Company
Land	739
Buildings and Improvements	9,530
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	10,269
Accumulated Depreciation	309
Jewel-Osco | Wood Dale, IL
Initial Costs to Company
Land	3,368
Buildings and Improvements	6,146
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	9,514
Accumulated Depreciation	199
JOANN | Roseville, MI
Initial Costs to Company
Land	506
Buildings and Improvements	2,747
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	3,253
Accumulated Depreciation	543
Kloeckner | University Park, IL
Initial Costs to Company
Land	816
Buildings and Improvements	11,887
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	12,703
Accumulated Depreciation	396
Kum & Go | Cedar Rapids, IA
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	1,501
Initial Costs to Company
Land	630
Buildings and Improvements	1,679
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	2,309
Accumulated Depreciation	297
LA Fitness | Pawtucket, RI
Initial Costs to Company
Land	5,556
Buildings and Improvements	7,071
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	12,627
Accumulated Depreciation	930
LA Fitness | Rock Hill, SC
Initial Costs to Company
Land	630
Buildings and Improvements	7,858
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	8,488
Accumulated Depreciation	670
Lowe’s | Fremont, OH
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	5,312
Initial Costs to Company
Land	1,287
Buildings and Improvements	7,125
Total Adjustment to Basis	278
Gross Amount at Which Carried At December 31, 2019	8,690
Accumulated Depreciation	1,346
Lowe’s | North Dartmouth, MA
Initial Costs to Company
Land	7,334
Buildings and Improvements	11,976
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	19,310
Accumulated Depreciation	1,257
Marshalls | Wilkesboro, NC
Initial Costs to Company
Land	968
Buildings and Improvements	1,775
Total Adjustment to Basis	155
Gross Amount at Which Carried At December 31, 2019	2,898
Accumulated Depreciation	174
Mattress Firm | Fairview Park, OH
Initial Costs to Company
Land	646
Buildings and Improvements	830
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	1,476
Accumulated Depreciation	131
Mattress Firm | Gadsden, AL
Initial Costs to Company
Land	393
Buildings and Improvements	1,413
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	1,806
Accumulated Depreciation	245
Mattress Firm & Panera Bread | Elyria, OH
Initial Costs to Company
Land	1,100
Buildings and Improvements	2,836
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	3,936
Accumulated Depreciation	328
Mister Carwash | Hudson, FL
Initial Costs to Company
Land	1,014
Buildings and Improvements	843
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	1,857
Accumulated Depreciation	69
Mister Carwash | Spring Hill, FL
Initial Costs to Company
Land	961
Buildings and Improvements	1,156
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	2,117
Accumulated Depreciation	95
National Tire & Battery | Conyers, GA
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	1,657
Initial Costs to Company
Land	522
Buildings and Improvements	1,845
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	2,367
Accumulated Depreciation	258
Natural Grocers | Prescott, AZ
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	2,367
Initial Costs to Company
Land	795
Buildings and Improvements	2,802
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	3,597
Accumulated Depreciation	544
North Lake Square | Gainesville, GA
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	13,365
Initial Costs to Company
Land	1,318
Buildings and Improvements	22,598
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	23,916
Accumulated Depreciation	1,618
Northern Tool | Hoover, AK
Initial Costs to Company
Land	691
Buildings and Improvements	2,150
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	2,841
Accumulated Depreciation	316
O'Reilly Auto Parts | Decatur, GA
Initial Costs to Company
Land	491
Buildings and Improvements	985
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	1,476
Accumulated Depreciation	85
O'Reilly Auto Parts | Fayetteville, NC
Initial Costs to Company
Land	132
Buildings and Improvements	1,246
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	1,378
Accumulated Depreciation	182
PetSmart | Lexington, NC
Initial Costs to Company
Land	605
Buildings and Improvements	3,162
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	3,767
Accumulated Depreciation	303
PetSmart | McAllen, TX
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	2,924
Initial Costs to Company
Land	1,961
Buildings and Improvements	1,994
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	3,955
Accumulated Depreciation	434
Procter & Gamble | Fayetteville, AR
Initial Costs to Company
Land	1,757
Buildings and Improvements	8,663
Total Adjustment to Basis	485
Gross Amount at Which Carried At December 31, 2019	10,905
Accumulated Depreciation	454
Raising Canes | Avondale, AZ
Initial Costs to Company
Land	1,435
Buildings and Improvements	1,857
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	3,292
Accumulated Depreciation	261
Republic Services | Scottsdale, AZ
Initial Costs to Company
Land	10,961
Buildings and Improvements	32,089
Total Adjustment to Basis	2,040
Gross Amount at Which Carried At December 31, 2019	45,090
Accumulated Depreciation	428
Sam’s Club | Timonium, MD
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	9,150
Initial Costs to Company
Land	6,194
Buildings and Improvements	11,042
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	17,236
Accumulated Depreciation	1,312
Sherwin-Williams | Pigeon Forge, TN
Initial Costs to Company
Land	392
Buildings and Improvements	661
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	1,053
Accumulated Depreciation	57
Sleepy’s | Roanoke Rapids, NC
Initial Costs to Company
Land	238
Buildings and Improvements	1,267
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	1,505
Accumulated Depreciation	146
Steinhafels | Madison, WI
Initial Costs to Company
Land	3,257
Buildings and Improvements	11,607
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	14,864
Accumulated Depreciation	207
SuperValu | Oglesby, IL
Initial Costs to Company
Land	1,190
Buildings and Improvements	14,098
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	15,288
Accumulated Depreciation	532
Tailwinds | Denton, TX
Initial Costs to Company
Land	884
Buildings and Improvements	7,747
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	8,631
Accumulated Depreciation	1,036
Tellico Greens | Loudon, TN
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	3,000
Initial Costs to Company
Land	823
Buildings and Improvements	3,959
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	4,782
Accumulated Depreciation	626
Tempe Commerce | Tempe, AZ
Initial Costs to Company
Land	1,975
Buildings and Improvements	12,512
Total Adjustment to Basis	312
Gross Amount at Which Carried At December 31, 2019	14,799
Accumulated Depreciation	856
Tempe Commerce | Tempe, AZ
Initial Costs to Company
Land	1,872
Buildings and Improvements	10,758
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	12,630
Accumulated Depreciation	464
Teradata | Miami Township, OH
Initial Costs to Company
Land	1,161
Buildings and Improvements	9,181
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	10,342
Accumulated Depreciation	920
The Toro Company | Windom, MN
Initial Costs to Company
Land	73
Buildings and Improvements	8,708
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	8,781
Accumulated Depreciation	807
Time Warner | Streetsboro, OH
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	3,543
Initial Costs to Company
Land	811
Buildings and Improvements	3,849
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	4,660
Accumulated Depreciation	538
Tire Centers | Decatur, AL
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	1,311
Initial Costs to Company
Land	208
Buildings and Improvements	1,329
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	1,537
Accumulated Depreciation	196
Title Resource Group | Mt. Laurel, NJ
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	9,240
Initial Costs to Company
Land	2,188
Buildings and Improvements	12,380
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	14,568
Accumulated Depreciation	2,033
TJ Maxx | Danville, IL
Initial Costs to Company
Land	271
Buildings and Improvements	2,528
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	2,799
Accumulated Depreciation	499
Triangle Town Place | Raleigh, NC
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	16,400
Initial Costs to Company
Land	4,694
Buildings and Improvements	23,044
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	27,738
Accumulated Depreciation	1,879
Vacant | Larned, KS
Initial Costs to Company
Land	49
Buildings and Improvements	1,727
Total Adjustment to Basis	(918)
Gross Amount at Which Carried At December 31, 2019	858
Accumulated Depreciation	0
Vacant | Nephi, UT
Initial Costs to Company
Land	180
Buildings and Improvements	2,872
Total Adjustment to Basis	(1,171)
Gross Amount at Which Carried At December 31, 2019	1,881
Accumulated Depreciation	0
Vacant | Phoenix, AZ
Initial Costs to Company
Land	550
Buildings and Improvements	956
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	1,506
Accumulated Depreciation	151
Valeo North American HQ | Troy, MI
Initial Costs to Company
Land	1,564
Buildings and Improvements	11,662
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	13,226
Accumulated Depreciation	839
Valeo Production Facility | East Liberty, OH
Initial Costs to Company
Land	268
Buildings and Improvements	5,564
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	5,832
Accumulated Depreciation	399
Valvoline HQ | Lexington, KY
Initial Costs to Company
Land	5,204
Buildings and Improvements	31,112
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	36,316
Accumulated Depreciation	1,882
Walgreens | Coweta, OK
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	2,600
Initial Costs to Company
Land	725
Buildings and Improvements	3,246
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	3,971
Accumulated Depreciation	452
Walgreens | Reidsville, NC
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	3,603
Initial Costs to Company
Land	610
Buildings and Improvements	3,801
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	4,411
Accumulated Depreciation	789
Walgreens | St. Louis, MO
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	2,534
Initial Costs to Company
Land	307
Buildings and Improvements	3,205
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	3,512
Accumulated Depreciation	433
Walmart | Randallstown, MD
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	14,250
Initial Costs to Company
Land	7,748
Buildings and Improvements	22,021
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	29,769
Accumulated Depreciation	1,795
Weasler Engineering | West Bend, WI
Initial Costs to Company
Land	600
Buildings and Improvements	12,732
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	13,332
Accumulated Depreciation	505
West Marine | Mystic, CT
Initial Costs to Company
Land	1,168
Buildings and Improvements	3,132
Total Adjustment to Basis	0
Gross Amount at Which Carried At December 31, 2019	4,300
Accumulated Depreciation	$ 378
Retail
Initial Costs to Company
Number of properties | property	100
Anchored Shopping Center
Initial Costs to Company
Number of properties | property	6
Industrial Property
Initial Costs to Company
Number of properties | property	11
Office
Initial Costs to Company
Number of properties | property	11

SCHEDULE III _ REAL ESTATE AS_3

SCHEDULE III – REAL ESTATE ASSETS AND ACCUMULATED DEPRECIATION (Reconciliation of Total Real Estate Carrying Value) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance, beginning of period	$ 798,969	$ 618,085	$ 406,447
Additions
Acquisitions	72,371	221,951	219,584
Improvements	2,751	472	598
Total additions	75,122	222,423	220,182
Deductions
Dispositions	(68,722)	(39,272)	0
Impairments	(3,788)	(2,267)	(227)
Reclassified to assets held for sale	0	0	(8,317)
Total deductions	(72,510)	(41,539)	(8,544)
Balance, end of period	$ 801,581	$ 798,969	$ 618,085

SCHEDULE III _ REAL ESTATE AS_4

SCHEDULE III – REAL ESTATE ASSETS AND ACCUMULATED DEPRECIATION (Reconciliation of Accumulated Depreciation) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance, beginning of period	$ 41,645	$ 26,073	$ 14,768
Additions
Acquisitions - depreciation expense	18,468	17,099	11,537
Improvements - depreciation expense	1,769	1,327	544
Total additions	20,237	18,426	12,081
Impairments
Impairments	(1,230)	0	(10)
Dispositions	(5,858)	(2,854)	0
Reclassified to assets held for sale	0	0	(766)
Total deductions	(7,088)	(2,854)	(776)
Balance, end of period	$ 54,794	$ 41,645	$ 26,073

Uncategorized Items - cinav-201

Label	Element	Value
AOCI Attributable to Parent [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ 37,000
Accumulated Distributions in Excess of Net Income [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ (37,000)